Market Shows Fear of Heights Sentiment, Rare Earth Prices Drop Back Slightly [SMM Daily Review]

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SMM, February 11: Today, rare earth market prices showed slight fluctuations. Details are as follows: The price of Pr-Nd oxide dropped to 434,000-435,000 yuan/mt, dysprosium oxide remained at 1.73-1.74 million yuan/mt, while terbium oxide rose to 6.14-6.17 million yuan/mt. Meanwhile, gadolinium oxide prices stabilized at 165,000-167,000 yuan/mt, holmium oxide stayed at 470,000-480,000 yuan/mt, and erbium oxide remained at 293,000-297,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy fell to 536,000-540,000 yuan/mt, dysprosium-iron alloy remained at 1.68-1.7 million yuan/mt, and terbium metal prices rose to 7.6-7.64 million yuan/mt. The price of gadolinium-iron alloy slightly decreased to 163,000-165,000 yuan/mt, while lanthanum-cerium metal stayed at 17,000-19,000 yuan/mt. Today, rare earth prices jumped initially and then pulled back, with the market showing a sentiment of fear toward high prices. Some suppliers actively lowered their quotes. However, due to tight raw material supply, the downside room for prices is limited. Rare earth prices are expected to fluctuate rangebound in the future.