Rare earth prices rise significantly, downstream transactions remain at a standstill [SMM Rare Earth Daily Review]

Published: Jun 6, 2025 16:31

Save

[SMM Daily Review of Rare Earths: Rare Earth Prices Rise Significantly, Downstream Transactions Stall] Currently, rare earth market prices have risen significantly, mainly concentrated in the light rare earth sector. This increase has been driven by macro policy news and the rising cost of rare earth raw materials, thereby boosting market sentiment. However, end-use demand has not yet improved significantly. Orders from downstream magnetic material factories are average, and their ability to accept high-priced metals is limited, leading to an intensified market stalemate. The actual transaction situation remains to be observed.

》Check SMM rare earth quotes, data, and market analysis

》Subscribe to view historical price trends of SMM metal spot cargo

SMM News on June 6: Today, the prices in the rare earth market have risen significantly. Specifically, in the oxide market, the price of Pr-Nd oxide has increased to 448,000-450,000 yuan/mt, the price of dysprosium oxide has remained stable at 1.62-1.64 million yuan/mt, the price of terbium oxide has risen to 7.17-7.23 million yuan/mt, and the price of gadolinium oxide has remained stable at 164,000-167,000 yuan/mt. The price of holmium oxide has risen to 515,000-520,000 yuan/mt, and the price of erbium oxide continues to fluctuate between 300,000-305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy has risen to 548,000-550,000 yuan/mt today, the price of dysprosium-iron alloy has remained stable at 1.58-1.59 million yuan/mt, the quoted price of terbium metal has remained stable at 8.8-8.9 million yuan/mt, the price of gadolinium-iron alloy has remained stable at 160,000-162,000 yuan/mt, the market price of holmium-iron alloy has remained stable at 524,000-528,000 yuan/mt, and the price of lanthanum-cerium alloy continues to remain stable at 17,000-19,000 yuan/mt.

Currently, the prices in the rare earth market have risen significantly, mainly concentrated in the light rare earth sector. This increase has been driven by macro policy news and the rising cost of rare earth raw materials, thereby boosting market sentiment. However, end-use demand has not yet improved significantly, and the order situation of downstream magnetic material factories remains average, with limited acceptance of high-priced metals. This has led to an intensified market stalemate, and the actual transaction situation remains to be observed. Therefore, it is expected that rare earth prices may exhibit a fluctuating trend in the short term.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

7 hours ago

Apr 28, 2026 21:13

China Northern Rare Earth Q1 2026 Revenue Up 27.69% YoY, Net Profit Surges 113.12% Due to Higher Prices

China Northern Rare Earth (600111.SH) announced that it achieved revenue of 11.859 billion yuan in Q1 2026, up 27.69% YoY, and net profit attributable to shareholders of the publicly listed firm was 918 million yuan, up 113.12% YoY. The performance change was mainly due to the fact that during the reporting period, the average Q1 prices of the company's major rare earth products, represented by Pr-Nd products, increased YoY, leading to a YoY increase in gross profit.

Apr 28, 2026 21:13

Apr 28, 2026 20:39

China's Magnet Exports (2022-2026): Geopolitics & US-China Dynamics【SMM Analysis】

As the core of the global magnet supply chain, China's export data reflects geopolitical shifts. From 2022 to 2025, export volumes tracked the move from decoupling to export controls. Now in 2026, changing geopolitics is driving a new export cycle.

Apr 28, 2026 20:39