Suppliers' Sentiment to Stand Firm on Quotes Remains Strong, Pr-Nd Prices Fluctuate Upward [SMM Daily Review]

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SMM, January 10: Today, rare earth market prices experienced slight fluctuations. According to SMM data, the price of Pr-Nd oxide increased to 400,000-401,000 yuan/mt, dysprosium oxide adjusted to 1.61-1.63 million yuan/mt, and terbium oxide decreased to 5.75-5.8 million yuan/mt. Gadolinium oxide rose to 151,000-153,000 yuan/mt, while holmium oxide remained stable at 410,000-415,000 yuan/mt.

In the metal market, Pr-Nd alloy prices rose to 490,000-494,000 yuan/mt, dysprosium-iron alloy was priced at 1.58-1.6 million yuan/mt, terbium metal remained at 7.2-7.25 million yuan/mt, gadolinium-iron prices stabilized at 148,000-150,000 yuan/mt, and lanthanum-cerium metal was at 17,000-19,000 yuan/mt. Today, influenced by Baotou Steel's increase in Q1 2025 concentrate prices, suppliers maintained a strong sentiment to stand firm on quotes, leading to a slight rise in Pr-Nd product prices. However, due to differing market expectations between buyers and sellers regarding medium-heavy rare earths, the overall prices of dysprosium and terbium remained stable. Currently, back-and-forth negotiations between upstream and downstream remain intense.