Rare Earth Oxide Prices Strengthen while Alloy Prices are Stable

SHANGHAI, Oct 25 (SMM) - Today, rare earth oxide prices generally increased. According to SMM, the mainstream transaction prices of PrNd oxide rose to 670,000-675,000 yuan/mt; terbium oxide 13,350-13,400 yuan/kg; dysprosium oxide 2,330-2,350 yuan/kg; gadolinium oxide 370,000-375,000 yuan/mt; holmium oxide 720,000-740,000 yuan/mt today.

The mainstream transaction prices of PrNd alloy stabilised at 810,000-825,000 yuan/mt. According to SMM research, at present, the prices of PrNd alloy increased, and the transactions improved slightly. The prices of middle and heavy rare earth rose stably, coupled with the repeated pandemics in various places, the spot supply of rare earth was tight. Therefore, there were few low-prices goods.

At present, the prices of rare earth rise steadily, and the orders of downstream magnetic material factories are relatively normal. It is expected that the transactions this week will improve compared with last week.