Rare Earth Market Operates Steadily as Inquiry Atmosphere Gradually Cools [SMM Daily Review]

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SMM, February 13: Today, rare earth market prices generally showed a weakening trend. Specifically, Pr-Nd oxide prices dropped to 433,000-435,000 yuan/mt, while dysprosium oxide and terbium oxide fell to 1.71-1.72 million yuan/mt and 6.1-6.13 million yuan/mt, respectively. Meanwhile, gadolinium oxide prices declined to 162,000-165,000 yuan/mt, and holmium oxide dropped to 470,000-476,000 yuan/mt. Erbium oxide remained stable at 293,000-297,000 yuan/mt.

In the metal market, Pr-Nd alloy prices fell to 535,000-539,000 yuan/mt, dysprosium-iron alloy remained at 1.68-1.7 million yuan/mt, and terbium metal stabilized at 7.55-7.6 million yuan/mt. Gadolinium-iron alloy showed slight stability at 163,000-165,000 yuan/mt, while lanthanum-cerium metal held steady at 17,000-19,000 yuan/mt. Overall, the rare earth market appeared relatively stable today, but inquiry activity weakened, and market sentiment turned colder. Downstream enterprises continued to adopt a purchasing-as-needed strategy, showing low enthusiasm for procurement, with a strong wait-and-see sentiment prevailing in the market.