February 6 News:
Rare Earth Ore:
After the holiday, rare earth ore prices continued to fluctuate upward. It is understood that the timeline for the resumption of Myanmar ore remains uncertain, and the supply of rare earth ore is not expected to improve significantly in the short term.
Rare Earth Oxides:
Currently, lanthanum oxide prices remain stable at 3,600-4,000 yuan/mt, while cerium oxide prices have increased to 8,000-8,400 yuan/mt. During the week, most suppliers of rare earth oxides were in a semi-holiday state, with low market activity in offering goods. Most factories focused on fulfilling long-term contracts, with limited spot order transactions. Many industry participants believe that, given the tight supply at the ore end, rare earth oxide prices are likely to continue fluctuating upward, and low-priced goods will be hard to find in the market. Yttrium oxide prices remained stable this week at 40,000-43,000 yuan/mt.
Rare Earth Metals:
In the metal market, most metal factories are currently quoting prices for their oxide products, but actual trading activity in the market remains subdued. Although most enterprises have resumed production, the festive atmosphere is still strong, and downstream magnetic material enterprises show low purchase willingness. It is expected that the recovery of market trading activity will take some time.
Rare Earth Permanent Magnets:
As production resumes after the holiday, magnetic material enterprises are gradually restarting operations. However, these enterprises remain cautious about the market outlook. Due to the incomplete recovery of most logistics companies, trading volumes in the market remain low, creating a relatively quiet atmosphere. The future trend of orders and overall operations remains unclear, requiring close monitoring to assess the specific direction and potential of subsequent market developments.
Rare Earth Scrap:
As the market gradually resumes operations, factory quotations remain sporadic, while actual procurement volumes are relatively limited. Many trading companies are generally maintaining firm quotations at this stage, reflecting a certain reluctance to sell. Meanwhile, most participants are in a wait-and-see mode, hoping to identify clearer signals and directions in the uncertain market environment.
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