》Check SMM Rare Earth Quotes, Data, and Market Analysis
》Subscribe to View Historical Price Trends of SMM Metal Spot
SMM, February 20: Today, the rare earth market experienced significant fluctuations. Pr-Nd oxide prices rose to 444,000-445,000 yuan/mt, dysprosium oxide increased to 1.74-1.75 million yuan/mt, and terbium oxide climbed to 6.15-6.2 million yuan/mt. Gadolinium oxide prices remained at 160,000-164,000 yuan/mt, holmium oxide rose to 464,000-468,000 yuan/mt, and erbium oxide stayed at 293,000-297,000 yuan/mt.
In the metal market, Pr-Nd alloy prices increased to 545,000-548,000 yuan/mt, dysprosium-iron alloy rose to 1.7-1.74 million yuan/mt, and terbium metal prices advanced to 7.66-7.7 million yuan/mt. Gadolinium-iron prices were at 158,000-160,000 yuan/mt, while lanthanum-cerium metal remained at 17,000-19,000 yuan/mt. Boosted by the release of new documents, confidence in the rare earth spot market strengthened, and holders were reluctant to sell at low prices, pushing the price center upward. Morning quotes surged significantly, but due to limited downstream purchasing capacity, prices slightly pulled back near midday. The average price of SMM Pr-Nd oxide on February 20 closed at 444,500 yuan/mt, up 10,500 yuan/mt from the previous day, an increase of 2.42%.
Looking ahead, the related "Interim Measures for the Total Volume Control and Management of Rare Earth Mining and Smelting Separation (Draft for Public Comment)" and "Interim Measures for the Traceability Management of Rare Earth Products (Draft for Public Comment)" are still open for public consultation. The final versions are expected to undergo adjustments but will generally promote the high-quality development of the rare earth industry. Further attention should be paid to the announcement of rare earth mining quotas and the release of end-use demand.
