Procurement by Major Manufacturers Drives Rare Earth Prices to Rebound from Decline [SMM Rare Earth Daily Review]

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SMM March 27 News: Today, the rare earth market prices showed signs of stabilizing and rebounding. In the oxide market, the price of Pr-Nd oxide slightly increased to 439,000-442,000 yuan per mt, dysprosium oxide also rebounded to 1.63-1.65 million yuan per mt, terbium oxide continued to decline to 6.4-6.45 million yuan per mt, gadolinium oxide remained volatile at 165,000-167,000 yuan per mt, while holmium oxide adjusted to fluctuate within the range of 464,000-468,000 yuan per mt, and erbium oxide remained stable at 293,000-297,000 yuan per mt.

The metal market remained generally stable today, with Pr-Nd alloy prices maintained at 540,000-543,000 yuan per mt, dysprosium-iron alloy prices also temporarily stabilized at 1.6-1.61 million yuan per mt, terbium metal prices continued to slightly drop to 8.03-8.09 million yuan per mt, gadolinium-iron alloy prices were steady at 162,000-164,000 yuan per mt, and lanthanum-cerium alloy prices remained at 17,000-19,000 yuan per mt. Currently, although Myanmar mines have resumed operations, driven by the sentiment of upstream raw material producers to stand firm on quotes and large-scale procurement, rare earth oxide prices experienced a slight rebound today. In the context of severe back-and-forth negotiations between upstream and downstream, the price fluctuations of metal products were relatively small. It is expected that most industry players will maintain a wait-and-see attitude before the release of indicators, and rare earth prices are unlikely to experience significant volatility during this period.