[SMM Rare Earth Morning Meeting Summary] Oxide Prices Drop Back Slightly, Market Transactions Remain Sparse

Published: Mar 10, 2025 09:19
[SMM Rare Earth Morning Meeting Summary: Oxide Prices Dropped Back Slightly, Sparse Market Transactions] Last week, rare earth oxide prices pulled back overall. However, due to firm offer prices from producers and the limited availability of low-priced goods from traders, the pullback in rare earth oxide prices was relatively small, and trading volume in the market was not significant.

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SMM March 10 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is approximately 35,700 yuan/mt, monazite is around 41,900 yuan/mt, and medium-yttrium, europium-rich ore (standard ore) is about 188,500 yuan/mt.

Supply and Demand: Currently, suppliers at the mining end remain reluctant to sell, while separation plants are not actively purchasing, leading to a widespread wait-and-see sentiment in the market.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 439,000-442,000 yuan/mt, mainstream quotations for dysprosium oxide are in the range of 1.69-1.71 million yuan/mt, and terbium oxide prices have been adjusted to around 6.48-6.54 million yuan/mt.

Supply and Demand: Last week, rare earth oxide prices overall pulled back slightly. However, due to firm offer prices from producers, low-priced goods from traders were limited, resulting in a relatively small pullback in rare earth oxide prices and low trading volumes in the market.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 538,000-542,000 yuan/mt, dysprosium-iron alloy is approximately 1.65-1.66 million yuan/mt, and terbium metal is around 8.08-8.13 million yuan/mt.

Supply and Demand: Metal prices fluctuated slightly along with oxides. At the beginning of the week, metal producers were not highly motivated to quote, adopting a cautious wait-and-see approach. Downstream inquiry activity was low, and the market trading atmosphere was subdued.

Magnetic Materials

Prices: NdFeB blank prices—NdFeB blank N38 (Ce) closed at 145-155 yuan/kg; NdFeB blank 40M closed at 191-201 yuan/kg; NdFeB blank 40H closed at 195-205 yuan/kg; NdFeB blank 45SH (Ce) closed at 245-265 yuan/kg.

Supply and Demand: Last week, the magnetic material market remained generally stable, with order-taking by enterprises showing limited growth compared to the same period last year. Market competition remains intense, with many enterprises taking orders at prices below the market level.

NdFeB Scrap

Prices: PrNd recycled from NdFeB scrap closed at 457-474 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,635-1,657 yuan/kg; terbium recycled from NdFeB scrap closed at 5,123-5,178 yuan/kg.

Supply and Demand: Last week, scrap prices showed overall volatility. Market sentiment was generally optimistic, with fewer low-priced goods entering the market, leading to stronger bullish expectations. Transaction prices rose slightly, and the inversion phenomenon became more pronounced.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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[SMM Rare Earth Morning Meeting Summary] Oxide Prices Drop Back Slightly, Market Transactions Remain Sparse - Shanghai Metals Market (SMM)