Rare Earth Prices Remain Stable Amid Intense Back-and-Forth Negotiations Between Upstream and Downstream [SMM Daily Review]

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SMM, December 26: Today, the overall rare earth market prices remained relatively stable. According to SMM data, Pr-Nd oxide was quoted at 399,000-401,000 yuan/mt, while dysprosium oxide and terbium oxide were priced at 1.59-1.6 million yuan/mt and 5.55-5.59 million yuan/mt, respectively. The price of gadolinium oxide decreased to 148,000-150,000 yuan/mt, and holmium oxide remained at 400,000-404,000 yuan/mt.

In the metal market, Pr-Nd alloy prices stayed at 490,000-494,000 yuan/mt, while dysprosium-iron alloy prices slightly declined to 1.56-1.57 million yuan/mt. Terbium metal prices remained stable at 6.95-7 million yuan/mt, and gadolinium-iron prices held steady at 146,000-149,000 yuan/mt. Currently, despite suppliers maintaining firm quotes and a reduction in low-priced cargo in the market, downstream buyers show low acceptance of high-priced cargo, making high-price transactions challenging. The market is witnessing an intense tug-of-war between sellers and buyers. Rare earth prices are expected to remain stable in the short term.