Myanmar Ore Imports Blocked, Medium-Heavy Rare Earth Market Activity Increases [SMM Daily Review]

Published: Oct 22, 2024 14:18

Source: SMM

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Today, rare earth prices showed little fluctuation overall.

Today, rare earth prices showed little fluctuation overall. According to SMM, the mainstream transaction prices of Pr-Nd oxide slightly adjusted to 421,000-425,000 yuan/mt today. The price of dysprosium oxide remained stable at 1.74-1.76 million yuan/mt, and the price of terbium oxide also remained stable at 5.8-5.85 million yuan/mt. The price of gadolinium oxide dropped to 175,000-177,000 yuan/mt, while the price of holmium oxide continued to stay stable at 515,000-520,000 yuan/mt today.

The mainstream transaction prices of Pr-Nd alloy also adjusted to 520,000-525,000 yuan/mt today. According to an SMM survey, most Myanmar mine owners have returned to China, and mining activities in Myanmar have once again come to a halt, boosting positive sentiment in the upstream market. However, despite firm offers from separation plants, actual market transactions remained relatively quiet. With recent low bidding volumes from major factories, Pr-Nd transaction prices even dropped back slightly. Nevertheless, separation plants reported that the halt in Myanmar mining would not significantly impact actual market supply, and medium-heavy rare earth prices are expected to remain stable in the future.

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