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SMM, February 27: Today, rare earth market prices continued to show slight fluctuations. Specifically, the price of Pr-Nd oxide dropped to 448,000-450,000 yuan/mt, while dysprosium oxide decreased to 1.71-1.73 million yuan/mt. Meanwhile, the price of terbium oxide rose to 6.43-6.47 million yuan/mt. Prices for other products, such as gadolinium oxide and holmium oxide, remained stable at 164,000-166,000 yuan/mt and 464,000-468,000 yuan/mt, respectively, while erbium oxide stayed steady at 295,000-299,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy fell to 545,000-550,000 yuan/mt, and dysprosium-iron alloy dropped to 1.66-1.68 million yuan/mt. At the same time, the price of terbium metal increased to 7.95-7.99 million yuan/mt. Gadolinium-iron prices slightly declined to 160,000-161,000 yuan/mt, while lanthanum-cerium alloy prices remained at 17,000-19,000 yuan/mt. Today, the overall rare earth market activity was relatively low, showing a calm trading atmosphere. In the oxide market, suppliers' quotes remained firm without significant changes. However, in the metal market, quotes showed slight declines compared to the previous period, with the tug-of-war between buyers and sellers intensifying. Some traders, under these circumstances, opted to close deals at lower prices to ensure smooth sales and stable cash flow. In the short term, rare earth prices are expected to maintain a fluctuating trend.
