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SMM, March 3: Today, rare earth market prices continued to fluctuate slightly. Specifically, the price of Pr-Nd oxide rose to 444,000-445,000 yuan/mt, dysprosium oxide remained unchanged at 1.7-1.72 million yuan/mt, while terbium oxide increased to 6.52-6.6 million yuan/mt. Gadolinium oxide prices stayed at 164,000-166,000 yuan/mt, erbium oxide prices were adjusted upward to 464,000-470,000 yuan/mt, and erbium oxide remained stable at 295,000-299,000 yuan/mt.
In the metal market, Pr-Nd alloy dropped to 543,000-547,000 yuan/mt, while dysprosium-iron alloy remained steady at 1.66-1.68 million yuan/mt. Meanwhile, terbium metal rose to 8.1-8.15 million yuan/mt. Gadolinium-iron prices held steady at 160,000-161,000 yuan/mt, and lanthanum-cerium metal remained at 17,000-19,000 yuan/mt. Overall, the rare earth market appeared relatively quiet at the beginning of the week, with low trading activity and slight price fluctuations. Currently, downstream magnetic material enterprises face increased inventory costs, making them reluctant to sell at low prices. However, downstream customers have limited acceptance of high-priced raw materials, resulting in constrained order growth. Market sentiment remains cautious.
