Rare earth oxide prices mostly rose on improved demand on week

Published: Dec 2, 2019 18:03

Save

There is potential upside room in prices of light rare earth on the back of rising demand even as supply will expand

SHANGHAI, Dec 2 (SMM) – Prices of rare-earth oxides in China, except for lanthanum oxide and cerium oxide, were in an upward trend last week, supported by improved trades in the spot market.

SMM assessments indicated that, as of December 2, dysprosium oxide prices climbed to 1.63-1.65 million yuan/mt, from 1.6-1.62 million yuan/mt last Monday; prices of terbium oxide held stable at 3.4-3.45 million yuan/mt last week and gained 10,000 yuan/mt on Monday December 2.

Prices of praseodymium-neodymium oxide, meanwhile, relinquished early gains last week and stood at 283,000-286,000 yuan/mt as of December 2, flat from a week ago.

SMM assessed prices of dysprosium-ferrum alloy at 1.62-1.64 million yuan/mt as of December 2, up from 1.59-1.61 million yuan/mt a week earlier.

Downstream metal and magnetic material producers will likely step up restocking ahead of the Chinese New Year, but growth in overseas consumption before the upcoming Christmas holiday could be limited.

There is potential upside room in prices of light rare earth, such as praseodymium-neodymium oxide and neodymium oxide, on the back of rising demand even as supply will expand on higher production quotas.

Near-term prices of medium to heavy rare earth, including dysprosium oxide and terbium oxide, may also extend increase as major producers firm up offers amid the prospect of demand recovery.

Market commentary Rare earth

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 11, 2026 17:12

SMM Rare Earth Afternoon Trading Comment for September 11

Sep 11, 2026 17:12

Sep 11, 2026 14:03

Rare Earth Prices Remain Stable Overall, Market Trading Continues to Be Weak [SMM Rare Earth Daily Review]

[SMM Rare Earth Daily Review: Rare Earth Prices Remain Stable Overall, Market Trading Continues to Be Weak] Overall, the market lacks clear directional guidance, with most product quotes holding steady and trading activity remaining subdued: Pr-Nd inquiries are limited, with actual negotiations focused on low-priced cargoes; terbium sellers are increasingly willing to offer discounts, with transactions mostly settling at lower levels; dysprosium, gadolinium, holmium, and erbium inquiries are stable, with deals dominated by small rigid-demand orders. In the short term, given the approaching Mid-Autumn Festival holiday, Pr-Nd product prices may drift higher, supported by pre-holiday stockpiling demand from magnetic material enterprises, but whether the gains can be sustained will depend on the actual fulfillment of downstream orders.

Sep 11, 2026 14:03

Sep 11, 2026 11:57

USA Rare Earth Acquires Serra Verde for $2.8B, Expands Heavy Rare Earth Mining Outside Asia

【SMM Rare Earth Flash】 U.S. rare earth producer USA Rare Earth (USAR) has completed its US$2.8 billion acquisition of Brazilian producer Serra Verde, adding one of the few operating heavy rare earth mines outside Asia to its growing mine-to-magnet business. Serra Verde's Pela Ema ionic clay operation in Brazil is expanding toward a target capacity of 6,400 t/y of rare earth oxides, providing USAR with direct dysprosium and terbium supply. The deal is the latest step in USAR's effort to build a fully integrated rare earth supply chain spanning mining, separation, metals, and magnets. The company fully consolidated the Round Top project in Texas in March and acquired UK-based metals and alloys producer Less Common Metals last September. The transaction is backed by government support: Serra Verde's production is covered by a 15-year offtake agreement, and USAR has secured up to US$1.6 billion in funding from the U.S. Department of Commerce. Former Serra Verde CEO Thras Moraitis has joined USAR's board and will assume the CEO role on October 1.

Sep 11, 2026 11:57