Chinese New Year Holiday Approaching, Market Transactions Sluggish [SMM Daily Review]

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SMM, January 14: Today, rare earth market prices gradually stabilized. According to SMM data, the price of Pr-Nd oxide rose to 405,000-406,000 yuan/mt, dysprosium oxide increased to 1.64-1.66 million yuan/mt, terbium oxide climbed to 5.85-5.88 million yuan/mt, gadolinium oxide reached 154,000-158,000 yuan/mt, while holmium oxide adjusted to 422,000-430,000 yuan/mt.

In the metal market, Pr-Nd alloy prices increased to 498,000-500,000 yuan/mt, dysprosium-iron alloy rose to 1.59-1.61 million yuan/mt, terbium metal adjusted to 7.28-7.33 million yuan/mt, gadolinium-iron prices remained at 150,000-152,000 yuan/mt, while lanthanum-cerium metal was priced at 17,000-19,000 yuan/mt. After yesterday's rapid increase, rare earth prices showed a stabilizing trend today, with overall gains narrowing. Although downstream major manufacturers' procurement attracted widespread market attention, some companies have started to stop taking orders and prepare for the holiday as the Chinese New Year approaches, resulting in mediocre market transactions. Prices are expected to gradually stabilize from January 20 and remain steady until the end of the Chinese New Year holiday.