Market Trading Activity Remains Low, Companies Adopt a Wait-and-See Attitude [SMM Daily Review]

Published: Nov 28, 2024 15:59

Source: SMM

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Today, rare earth market prices saw a slight increase.

Today, rare earth market prices saw a slight increase. According to SMM data, Pr-Nd oxide prices rose to 410,000-414,000 yuan/mt, dysprosium oxide fell to 1.65-1.67 million yuan/mt, while terbium oxide increased to 5.80-5.84 million yuan/mt. Prices for gadolinium oxide and holmium oxide remained stable at 160,000-165,000 yuan/mt and 495,000-500,000 yuan/mt, respectively.

In the metals market, Pr-Nd alloy prices rose to 508,000-510,000 yuan/mt, dysprosium-iron alloy prices remained at 1.63-1.64 million yuan/mt, terbium metal stabilized at 7,250-7,300 yuan/kg, and gadolinium-iron prices held steady at 158,000-162,000 yuan/mt. Currently, the overall performance of the rare earth market is stable, with upstream suppliers maintaining firm quotations and market trading activity remaining low. The downstream magnetic materials market is experiencing slow order growth, and companies generally adopt a wait-and-see attitude, anticipating the stockpiling wave in December to support production before Chinese New Year. SMM expects that rare earth prices will likely maintain a stable and fluctuating trend in the short term.

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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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