Rare Earth Prices Surge: Pr-Nd Oxide and Alloy See Significant Uptick Amid Strengthening Demand

Published: Apr 15, 2026 11:40

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[SMM Rare Earth News Flash] Affected by multiple factors, as of 12:00 PM today, spot Pr-Nd oxide was quoted at 775,000-780,000 yuan/mt, up about 15,000 yuan/mt from 11:00 AM yesterday. Spot Pr-Nd alloy was quoted at 935,000-950,000 yuan/mt, up 17,500 yuan/mt from yesterday. According to SMM, at current prices, some transactions had been concluded below the average Pr-Nd alloy price of 940,000-942,500 yuan/mt, as downstream end-use demand gradually strengthened and acceptance of high-priced raw materials progressively improved.

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