Rare Earth Prices Stabilize, Market Transactions Improve [SMM Daily Review]

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SMM March 11 News: Today, the overall prices in the rare earth market remained stable. Specifically, the price of Pr-Nd oxide has risen to 442,000-446,000 yuan/mt. Although the price of terbium oxide remained steady at 6.5-6.55 million yuan/mt and gadolinium oxide increased to 164,000-166,000 yuan/mt, the prices of holmium oxide and erbium oxide also remained relatively stable, set at 460,000-466,000 yuan/mt and 295,000-299,000 yuan/mt, respectively.

In the metal market, the price of Pr-Nd alloy rose to 542,000-546,000 yuan/mt, while dysprosium-iron alloy remained stable at 1.64-1.66 million yuan/mt. Additionally, the price of terbium metal stayed within the range of 8.1-8.15 million yuan/mt, gadolinium-iron remained stable at 159,000-160,000 yuan/mt, and lanthanum-cerium metal continued to trade within the range of 16,500-18,500 yuan/mt. Today, the overall rare earth market prices remained stable, with localized fluctuations, particularly a slight rise in the prices of Pr-Nd products. Meanwhile, downstream enterprises showed a significantly stronger willingness to replenish inventory, driving increased market activity. Overall, the market exhibited a positive and proactive trend, with more frequent interactions between sellers and buyers.