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SMM, January 7: Today, rare earth market prices continued to rise. According to SMM data, Pr-Nd oxide prices have been raised to 400,000-403,000 yuan/mt, dysprosium oxide remained in the range of 1.63-1.64 million yuan/mt, while terbium oxide increased to 5.8-5.85 million yuan/mt. Gadolinium oxide prices rose to 150,000-153,000 yuan/mt, and holmium oxide climbed to 410,000-415,000 yuan/mt.
In the metal market, Pr-Nd alloy prices increased to 491,000-495,000 yuan/mt, dysprosium-iron alloy rose to 1.58-1.6 million yuan/mt, and terbium metal prices surged to 7.18-7.22 million yuan/mt. Gadolinium-iron prices also increased to 148,000-150,000 yuan/mt, while lanthanum-cerium metal remained stable at 17,000-19,000 yuan/mt. Today, the rare earth market maintained a strong upward trend. Upstream suppliers held firm on their offers and were reluctant to sell, while downstream metal plants attempted to control costs through low-price inquiries. However, actual trading volume remained limited, and the tug-of-war between upstream and downstream players continued to be intense. SMM expects rare earth prices to maintain a strong short-term trend, driven by increased downstream stockpiling demand and related news.
