Market Inquiries Sluggish, Rare Earth Prices Consolidate [SMM Daily Review]

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SMM, February 14: Today, rare earth market prices remained generally stable. Specifically, the price of Pr-Nd oxide stabilized at 433,000-435,000 yuan/mt, while the prices of dysprosium oxide and terbium oxide dropped to 1.7-1.72 million yuan/mt and 6.09-6.12 million yuan/mt, respectively. Additionally, the price of gadolinium oxide remained steady at 162,000-165,000 yuan/mt, chromium oxide fell to 470,000-474,000 yuan/mt, and erbium oxide stayed at 293,000-297,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy remained at 535,000-539,000 yuan/mt, while dysprosium-iron alloy held steady at 1.68-1.7 million yuan/mt, and terbium metal prices stabilized at 7.55-7.6 million yuan/mt. The price of gadolinium-iron alloy dropped to 162,000-164,000 yuan/mt, and lanthanum-cerium metal remained at 17,000-19,000 yuan/mt. Today, the rare earth market atmosphere was relatively sluggish, with limited trading volume. Raw material supply continued to be tight, and downstream enterprises maintained a purchasing-as-needed strategy, resulting in average procurement activity and a relatively sluggish inquiry atmosphere in the market. In the short term, rare earth prices are expected to consolidate.