Rare Earth Prices Drop Back Slightly as Market Sentiment Turns More Cautious [SMM Daily Review]

Published: Jan 9, 2025 11:35

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[SMM Daily Review: Rare Earth Prices Dropped Back Slightly, Market Sentiment Turned More Cautious] Rare earth market prices dropped back slightly today. According to SMM data, the price of Pr-Nd oxide remained between 399,000 yuan/mt and 401,000 yuan/mt, while the price of dysprosium oxide decreased to 1.62 million yuan/mt to 1.64 million yuan/mt.

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SMM, January 9: Rare earth market prices dropped back slightly today. According to SMM data, the price of Pr-Nd oxide remained between 399,000 yuan and 401,000 yuan per mt, dysprosium oxide prices fell to 1.62 million yuan to 1.64 million yuan per mt, while terbium oxide prices dropped to 5.78 million yuan to 5.8 million yuan per mt. Gadolinium oxide prices stayed stable at 150,000 yuan to 153,000 yuan per mt, and holmium oxide remained steady at 410,000 yuan to 415,000 yuan per mt.

In the metal market, Pr-Nd alloy prices fell to 490,000 yuan to 493,000 yuan per mt, dysprosium-iron alloy prices ranged from 1.58 million yuan to 1.6 million yuan per mt, terbium metal remained at 7.2 million yuan to 7.25 million yuan per mt, gadolinium-iron prices stabilized at 148,000 yuan to 150,000 yuan per mt, and lanthanum-cerium metal prices were between 17,000 yuan and 19,000 yuan per mt. Influenced by market news, some suppliers actively lowered their quotes, but separation plant quotes remained relatively firm, with low-price transactions mainly coming from trading enterprises. Actual transactions at metal plants were moderate, and the market showed low acceptance of high-priced sources. Downstream magnet manufacturers primarily engaged in small-scale restocking, while market sentiment remained cautious. As the Chinese New Year holiday approaches, market transactions may gradually weaken, and rare earth prices are expected to remain relatively stable with a weak trend.

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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