Pr-Nd Products Inquiry Increases, Rare Earth Prices Stabilize

Today, rare earth prices remained relatively stable. According to SMM, the mainstream transaction price of Pr-Nd oxide slightly increased to 382,000-385,000 yuan/mt, dysprosium oxide prices remained stable at 2,020-2,030 yuan/kg, terbium oxide prices also remained stable at 6,400-6,450 yuan/kg, gadolinium oxide prices remained stable at 180,000-183,000 yuan/mt, and holmium oxide prices remained stable at 540,000-545,000 yuan/mt.

The mainstream transaction price of Pr-Nd alloy also remained stable at 475,000-478,000 yuan/mt. According to SMM survey, currently, driven by the end-of-month long-term contract orders, separation plants have increased their confidence in holding prices, and low-price oxide sources have started to tighten. Meanwhile, traders have also started to restock, and the inquiry activity in the Pr-Nd oxide market has significantly increased today. Magnet material manufacturers' willingness to purchase has also increased, but Pr-Nd alloy prices have not shown a significant increase today. It is expected that the overall price trend of Pr-Nd products will receive a slight boost in the coming days.