Changes in the Supply-Demand Pattern, Rare Earth Prices Stabilize After Declines [SMM Rare Earth Daily Review]

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SMM, April 21: Today, the rare earth market prices showed a trend of stabilizing after a decline. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 415,000 to 417,000 yuan per mt, dysprosium oxide maintained at 1.64 to 1.65 million yuan per mt, terbium oxide decreased to 7.06 to 7.1 million yuan per mt, and gadolinium oxide dropped to 165,000 to 166,000 yuan per mt; holmium oxide remained stable at 482,000 to 488,000 yuan per mt, while erbium oxide fluctuated between 298,000 and 303,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy decreased to 513,000 to 516,000 yuan per mt, dysprosium-iron alloy maintained at 1.62 to 1.63 million yuan per mt, terbium metal remained stable at 8.9 to 8.95 million yuan per mt, gadolinium-iron alloy stayed at 162,000 to 164,000 yuan per mt, holmium-iron market price dropped to 490,000 to 495,000 yuan per mt, and lanthanum-cerium alloy fluctuated between 17,000 and 22,000 yuan per mt.

Currently, the rare earth market prices overall show a trend of stabilizing after a decline. Affected by the suspension of rare earth concentrate exports from the US MP mine to China on April 18, the tightening supply side has driven the price of Pr-Nd alloy to steadily rebound; the medium-heavy rare earth market, influenced by the large imports from Myanmar mines and export control restrictions, saw the price of dysprosium stabilize after a short-term pullback, while the prices of terbium and gadolinium continued to decline. Therefore, light rare earth prices showed a trend of stabilizing and rebounding, while medium-heavy rare earth prices tended to stabilize. It is expected that in the short term, the light rare earth market prices will continue to stabilize overall, while there is still room for further decline in medium-heavy rare earth prices.