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.
![Rare earth market in the doldrums, Pr-Nd and medium-heavy rare earth both pull back [SMM Rare Earth Weekly Review]](https://imgqn.smm.cn/usercenter/wHkop20251217171744.jpeg)
![Rare earth market prices remain weak, downstream still holds a wait-and-see attitude [SMM Rare Earth Daily Review]](https://imgqn.smm.cn/usercenter/tfczT20251217171744.jpg)