[SMM Rare Earth Morning Meeting Summary] Suppliers Stop Quoting, Market Trading Volume Declines

Published: Jan 21, 2025 09:26

Save

[SMM Rare Earth Morning Meeting Summary: Suppliers Stop Quoting, Market Trading Volume Declines] As Chinese New Year approaches, trading activity in the rare earth oxide market has significantly decreased. In addition, logistics will cease operations this week, and most suppliers have decided to stop quoting this week, resulting in a decline in market trading volume.

》View SMM Rare Earth Quotations, Data, and Market Analysis

》Subscribe to View Historical Price Trends of SMM Metal Spot

SMM January 21 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 33,100 yuan/mt, monazite prices are around 38,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices are about 176,500 yuan/mt.

Supply and Demand: Currently, as the year-end approaches, suppliers at the mining end show low willingness to sell, and market trading remains sluggish.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide is 408,000-410,000 yuan/mt; the transaction range for dysprosium oxide is around 1.66-1.67 million yuan/mt, and terbium oxide prices are approximately 5.9-5.95 million yuan/mt.

Supply and Demand: As the Chinese New Year approaches, trading activities in the rare earth oxide market have significantly decreased. Additionally, logistics will cease operations this week, and most suppliers have decided to stop quoting this week, leading to a decline in market trading volume.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy is approximately 502,000-508,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations are around 1.6-1.63 million yuan/mt, and terbium metal prices are about 7.4-7.43 million yuan/mt.

Supply and Demand: During this week, some metal processing plants have entered holiday mode, resulting in a temporary halt in production. This situation has reduced sellers' willingness to actively quote in the market.

Magnetic Materials

Prices: NdFeB blank prices are as follows: NdFeB blank N38 (Ce) at 133-143 yuan/kg; NdFeB blank 40M at 179-189 yuan/kg; NdFeB blank 40H at 183-193 yuan/kg; NdFeB blank 45SH (Ce) at 233-253 yuan/kg.

Supply and Demand: Yesterday, the rare earth market showed mediocre performance. As some magnetic material enterprises are about to suspend production for the holidays, market trading activity has declined, and the overall atmosphere appears subdued. Most enterprises are adopting a wait-and-see attitude toward the post-holiday market.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices are reported at 431-436 yuan/kg; NdFeB scrap dysprosium prices are at 1,559-1,587 yuan/kg; NdFeB scrap terbium prices are at 5,087-5,123 yuan/kg.

Supply and Demand: Before the holiday, scrap prices remained relatively stable. Due to just-in-need restocking by separation enterprises, actual transactions did not meet expectations. During the Chinese New Year, the market will primarily focus on consuming inventory, with a cautious attitude toward price increases after the holiday.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

Frontier Secures $20 Million and Signs Rare Earth Offtake Agreement

Luxembourg-based Frontier Rare Earths today announced it successfully obtained a $20 million investment from South Africa's Industrial Development Corporation (IDS) and signed an offtake agreement with France's Carester. The company has now initiated the final feasibility study for its South African magnet-use rare earth and battery-grade manganese project. Frontier Rare Earths is currently advancing the development of the Zandkopsdrift project in South Africa. The project is expected to achieve an annual capacity of approximately 3,038 mt of Pr-Nd oxide, 114 mt of dysprosium oxide, and 25 mt of terbium oxide over the first 25 years.

22 hours ago

US Provides $565 Million in Financing for Brazilian Rare Earth Project

Serra Verde, a Brazilian rare earth element producer, announced today that the US International Development Finance Corporation (DFC) offered it a financing package worth $565 million, which also includes an option for the US government to acquire a minority stake in the company. Serra Verde’s Pela Ema ionic clay deposit in Brazil is scheduled to begin commercial production in 2024, with an expected annual output of 5,000 mt of total rare earth oxides, including dysprosium, erbium, neodymium, and praseodymium. Serra Verde plans to use the funds to refinance existing loan facilities and expand production capacity. The project aims to increase total rare earth oxide production to 6,500 mt per year by 2027.

22 hours ago

US DFC Offers $565M Financing to Brazilian Rare Earth Project

[SMM Flash: US Provides $565 Million in Financing for Brazilian Rare Earth Project] Serra Verde (a Brazilian rare earth element producer) announced today that the US International Development Finance Corporation (DFC) has provided it with a financing package worth $565 million, which also includes an option for the US government to acquire a minority stake in the company. Serra Verde's Pela Ema ionic clay deposit in Brazil is scheduled to commence commercial production in 2024, with an expected annual output of 5,000 mt of total rare earth oxides, including elements such as dysprosium, erbium, neodymium, and praseodymium. Serra Verde plans to use the funds to refinance existing loan facilities and expand production capacity. The project aims to increase the annual production of total rare earth oxides to 6,500 mt by 2027.

22 hours ago