January 23 News:
Rare Earth Ore:
During the week, rare earth ore prices continued to fluctuate upward. According to the SMM survey, due to tight supply at the mining end, rare earth raw material prices overall continued to rise. As the Chinese New Year approaches, suppliers' willingness to sell has also remained relatively low.
Rare Earth Oxides:
This week, lanthanum oxide prices remained stable at 3,600-4,000 yuan/mt, and cerium oxide prices also stayed stable at 7,700-8,200 yuan/mt. Throughout the week, rare earth oxide prices overall maintained an upward trend. As the holiday approaches, downstream purchasing activity has increased rather than decreased, leading to a noticeable rise in rare earth oxide prices this week. Yttrium oxide prices continued to remain stable at 40,000-43,000 yuan/mt this week.
Rare Earth Metals:
In terms of metals, most metal plants followed the oxide price increases in their quotations. The cash price of Pr-Nd alloy rose to a peak of 515,000 yuan/mt. However, according to metal plants, downstream magnetic material enterprises still exert significant pressure to lower prices during procurement, with some magnetic material enterprises managing to purchase Pr-Nd alloy from traders at prices below 510,000 yuan/mt.
Rare Earth Permanent Magnets:
This week, as most magnetic material enterprises entered the holiday period, procurement activity significantly decreased, and market transactions also declined. Although some large enterprises continued production during the Chinese New Year, their focus was mainly on fulfilling existing orders, resulting in fewer external quotations and limited market trading volume.
Rare Earth Scrap:
Currently, the scrap market has been relatively quiet as many regions have entered the holiday period. Although some scrap trading companies had small urgent procurement needs before the holiday, actual transactions were not active. Meanwhile, many scrap separation enterprises have suspended quotations, relying mainly on existing inventory and waiting for post-holiday market developments.
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