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SMM, January 15: Today, rare earth market prices surged significantly again. According to SMM data, the price of Pr-Nd oxide has risen to 408,000-410,000 yuan/mt, dysprosium oxide to 1.665-1.675 million yuan/mt, terbium oxide to 5.9-5.95 million yuan/mt, gadolinium oxide to 155,000-160,000 yuan/mt, and holmium oxide to 440,000-450,000 yuan/mt.
In the metal market, Pr-Nd alloy prices increased to 504,000-507,000 yuan/mt, dysprosium-iron alloy to 1.62-1.64 million yuan/mt, terbium metal to 7.37-7.45 million yuan/mt, gadolinium-iron prices rose to 152,000-153,000 yuan/mt, while lanthanum-cerium metal was priced at 17,000-19,000 yuan/mt. The significant increase in oxide prices is mainly attributed to tight raw material supply and speculative activities. Amid rapidly rising raw material prices, buyers appeared cautious, with low inquiry activity from magnet manufacturers and reduced quotations from metal producers. Industry insiders predict that raw material prices may continue to rise before the Chinese New Year holiday, but downstream acceptance of high-priced goods remains generally low, and the market sentiment is predominantly one of cautious observation.
