Downstream Orders Increase Slowly, Rare Earth Prices Stabilize [SMM Daily Review]

Published: Oct 31, 2024 14:31

Source: SMM

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Today, rare earth prices overall maintained a stable trend.

Today, rare earth prices overall maintained a stable trend. According to SMM, the mainstream transaction prices of Pr-Nd oxide remained stable at 423,000-424,000 yuan/mt today, dysprosium oxide prices slightly decreased to 1.74-1.75 million yuan/mt, terbium oxide prices also remained stable at 5.95-6 million yuan/mt, gadolinium oxide prices temporarily stabilized at 173,000-175,000 yuan/mt, and holmium oxide prices also stabilized at 514,000-518,000 yuan/mt today.

The mainstream transaction prices of Pr-Nd alloy also stabilized at 520,000-525,000 yuan/mt today. Currently, the intense competition between upstream miners and separation plants has led to a consolidation in rare earth prices. According to major magnetic material manufacturers, there has been a slight increase in orders from the downstream new energy sector, but transaction prices have struggled to reach the market average, compressing corporate profits. Meanwhile, small and medium-sized enterprises have not seen a significant increase in overall orders, and the market sentiment remains relatively subdued. Companies are not optimistic about the future market and are adopting a wait-and-see attitude. Based on the above situation, SMM expects that rare earth prices may stabilize.

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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.

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