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SMM, December 31: Today, rare earth market prices remained generally stable. According to SMM data, Pr-Nd oxide was quoted at 396,000 to 400,000 yuan/mt, while the prices of dysprosium oxide and terbium oxide were raised to 1.6 million to 1.62 million yuan/mt and 5.59 million to 5.61 million yuan/mt, respectively. Additionally, the prices of gadolinium oxide and holmium oxide remained at 148,000 to 150,000 yuan/mt and 400,000 to 404,000 yuan/mt, respectively.
In the metal market, Pr-Nd alloy prices dropped to 487,000 to 491,000 yuan/mt, dysprosium-iron alloy prices remained at 1.56 million to 1.57 million yuan/mt, terbium metal prices fluctuated between 6.95 million and 7 million yuan/mt, while gadolinium-iron prices stayed stable at 146,000 to 149,000 yuan/mt. Despite an increase in downstream inquiries today, overall trading volume remained low, and the market continued to see intense bargaining between upstream and downstream players. Notably, news regarding the resumption of Myanmar ore transportation had no significant short-term impact on the market, with heavy rare earth prices remaining strong and Pr-Nd product prices relatively stable. SMM expects rare earth prices to maintain a stable trend in the short term.
