Rare Earth Market Prices Stabilize as Trading Slows Ahead of Chinese New Year [SMM Daily Review]

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SMM, January 16: Today, rare earth market prices remained generally stable. According to SMM data, Pr-Nd oxide prices rose to 408,000-412,000 yuan/mt, dysprosium oxide remained stable at 1.665-1.675 million yuan/mt, terbium oxide increased to 5.92-5.96 million yuan/mt, gadolinium oxide stayed at 155,000-160,000 yuan/mt, while holmium oxide remained stable at 440,000-450,000 yuan/mt.

In the metal market, Pr-Nd alloy prices were adjusted to 506,000-508,000 yuan/mt, dysprosium-iron alloy remained at 1.62-1.64 million yuan/mt, terbium metal stabilized at 7.37-7.45 million yuan/mt, gadolinium-iron prices rose to 154,000-157,000 yuan/mt, while lanthanum-cerium metal ranged between 17,000-19,000 yuan/mt. After several consecutive days of rapid increases, rare earth prices have gradually stabilized. Currently, trading volume is low, and market activity is subdued, with downstream buyers showing limited acceptance of high-priced cargoes. As the Chinese New Year holiday approaches, the overall market performance has turned sluggish. Rare earth prices are expected to remain stable before the holiday, with significant volatility unlikely.