SMM Rare Earth Morning Meeting Summary: Market Activity Increased, Light Rare Earth Prices Rebounded

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SMM April 15 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were around 35,000 yuan/mt, monazite prices were around 42,500 yuan/mt, and medium-yttrium, europium-rich ore prices were around 189,000 yuan/mt.

Supply and Demand: Currently, suppliers in the rare earth ore sector are heavily cautious, with low actual willingness to sell, and rare earth ore prices remain stable.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide was around 430,000-432,000 yuan/mt, the mainstream quotation range for dysprosium oxide was 1.69-1.7 million yuan/mt, and terbium oxide prices were adjusted to around 7.25-7.3 million yuan/mt.

Supply and Demand: Yesterday, prices of mainstream rare earth products rebounded overall. After Pr-Nd oxide fell below 430,000 yuan/mt, market acceptance significantly improved, and with increased trading activity, Pr-Nd oxide prices recovered. Dysprosium and terbium prices also continued to hold up well, but gadolinium and holmium products experienced a jump initially and then pulled back.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy was 528,000-532,000 yuan/mt, dysprosium-iron alloy prices were around 1.65-1.67 million yuan/mt, and terbium metal prices were around 8.9-9 million yuan/mt.

Supply and Demand: Metal manufacturers maintained firm quotations despite high oxide prices, and low-priced sources were hard to find. However, magnetic material enterprises still had poor procurement conditions, and back-and-forth negotiations between upstream and downstream remained intense.

NdFeB Blank

Prices: NdFeB blank N38 (Ce) was quoted at 142-152 yuan/kg; NdFeB blank 40M was quoted at 188-198 yuan/kg; NdFeB blank 40H was quoted at 192-202 yuan/kg; NdFeB blank 45SH (ce) was quoted at 242-262 yuan/kg.

Supply and Demand: Currently, due to export restrictions, some magnetic material enterprises face export limitations, and the overall market is in a wait-and-see state. Enterprises are cautious in procurement, waiting for further release of market demand.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 440-451 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,609-1,635 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,287-5,341 yuan/kg.

Supply and Demand: Currently, the scrap market showed mediocre performance with low trading volume. Suppliers generally maintained a wait-and-see attitude, unwilling to sell at low prices, and the stalemate may continue in the short term.