Market Low-Cost Supply Tightens, Rare Earth Prices Stabilize [SMM Daily Review]

Published: Jan 21, 2025 13:08

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[SMM Daily Review: Market Low-Price Supply Tightens, Rare Earth Prices Stabilize] The rare earth market remained stable overall today. According to SMM data, the price of Pr-Nd oxide has been raised to 410,000-415,000 yuan/mt, while dysprosium oxide remained steady at 1.66-1.67 million yuan/mt.

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SMM January 21: The rare earth market remained stable overall today. According to SMM data, the price of Pr-Nd oxide increased to 410,000-415,000 yuan/mt, while dysprosium oxide remained steady at 1.66-1.67 million yuan/mt. The price of terbium oxide continued to stay at 5.92-5.96 million yuan/mt, and gadolinium oxide held at 155,000-160,000 yuan/mt. Meanwhile, holmium oxide stabilized at 440,000-445,000 yuan/mt, and erbium oxide prices hovered between 285,000-295,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy increased to 506,000-510,000 yuan/mt; dysprosium-iron alloy prices remained stable at 1.62-1.64 million yuan/mt, and terbium metal held at 7.37-7.45 million yuan/mt. Gadolinium-iron alloy prices stayed at 154,000-157,000 yuan/mt, while lanthanum-cerium metal was priced at 17,000-19,000 yuan/mt. As the year-end approaches, market transactions were sluggish, with only a few suppliers completing small-volume trades at higher prices, and low-priced cargoes gradually decreased. Affected by logistics suspension and the Chinese New Year holiday, the market was generally quiet. Rare earth prices are expected to remain stable during the Chinese New Year period.

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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