Enterprises are not optimistic for the future; Pr-Nd prices remain stable [SMM Daily Review]

Today, rare earth market prices continued to decline. According to SMM data, Pr-Nd oxide prices dropped to 410,000-414,000 yuan/mt; dysprosium oxide fell to 1.66-1.68 million yuan/mt; terbium oxide decreased to 5.74-5.76 million yuan/mt; while gadolinium oxide and holmium oxide prices remained stable at 160,000-165,000 yuan/mt and 495,000-500,000 yuan/mt, respectively.

In the metals market, Pr-Nd alloy prices fell to 505,000-510,000 yuan/mt, dysprosium-iron alloy prices dropped to 1.63-1.64 million yuan/mt, terbium metal prices decreased to 7,250-7,300 yuan/kg, and gadolinium-iron prices remained at 158,000-162,000 yuan/mt. Today, due to the continuous impact of market news, dysprosium and terbium prices kept falling. Meanwhile, Pr-Nd product prices remained relatively stable, showing only slight fluctuations. Most enterprises are observing China Northern Rare Earth's December listing prices, which are expected to remain stable. Therefore, SMM anticipates that rare earth prices may maintain a stable and fluctuating trend in the short term.