[SMM Rare Earth Morning Meeting Summary] The Rare Earth Market Remains Stable Overall, Downstream Procurement Remains Cautious

Published: Mar 11, 2025 10:09

Save

[SMM Rare Earth Morning Meeting Summary: Rare Earth Market Remains Stable, Downstream Procurement Remains Cautious] Yesterday, influenced by news factors, inquiries for Pr-Nd were relatively active, and suppliers raised their quotations one after another, leading to a slight increase in Pr-Nd oxide prices. The prices of dysprosium and terbium oxides remained relatively stable, with relatively small fluctuations.

》View SMM Rare Earth Quotations, Data, and Market Analysis

》Subscribe to View Historical Price Trends of SMM Metal Spot

SMM March 11 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 35,900 yuan/mt, monazite prices are around 42,200 yuan/mt, and medium-yttrium, europium-rich ore benchmark prices are about 189,000 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 pervasive market sentiment of wait-and-see.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 442,000-445,000 yuan/mt, mainstream quotations for dysprosium oxide are in the range of 1.7-1.71 million yuan/mt, and terbium oxide prices have been adjusted to around 6.5-6.55 million yuan/mt.

Supply and Demand: Yesterday, influenced by market news, inquiries for Pr-Nd became relatively active, prompting suppliers to raise their quotations slightly, resulting in a minor increase in Pr-Nd oxide prices. Prices for dysprosium and terbium oxides remained relatively stable, with minimal fluctuations.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 540,000-545,000 yuan/mt, dysprosium-iron alloy prices are approximately 1.64-1.66 million yuan/mt, and terbium metal prices are around 8.1-8.15 million yuan/mt.

Supply and Demand: Metal manufacturers adjusted their quotations slightly in line with oxide price fluctuations. Downstream magnetic material enterprises were cautious in their purchasing, resulting in limited actual trading volume in the market.

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: Yesterday, due to the influence of market news, inquiry activity in the magnetic material market increased. However, enterprises mainly adopted a purchasing-as-needed strategy, and market sentiment remained cautious.

NdFeB Scrap

Prices: PrNd recycled from NdFeB scrap closed at 458-480 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,635-1,679 yuan/kg; terbium recycled from NdFeB scrap closed at 5,287-5,341 yuan/kg.

Supply and Demand: Yesterday, quotations in the scrap market rose along with oxide prices. Suppliers generally raised their quotations, but due to weak purchase willingness from manufacturers, actual trading did not meet expectations.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:46

Frontier Secures $20 Million and Signs Rare Earth Offtake Agreement

Luxembourg-based Frontier Rare Earths today announced it successfully obtained a $20 million investment from South Africa's Industrial Development Corporation (IDS) and signed an offtake agreement with France's Carester. The company has now initiated the final feasibility study for its South African magnet-use rare earth and battery-grade manganese project. Frontier Rare Earths is currently advancing the development of the Zandkopsdrift project in South Africa. The project is expected to achieve an annual capacity of approximately 3,038 mt of Pr-Nd oxide, 114 mt of dysprosium oxide, and 25 mt of terbium oxide over the first 25 years.

Feb 6, 2026 18:46

Feb 6, 2026 18:43

US Provides $565 Million in Financing for Brazilian Rare Earth Project

Serra Verde, a Brazilian rare earth element producer, announced today that the US International Development Finance Corporation (DFC) offered it a financing package worth $565 million, which also includes an option for the US government to acquire a minority stake in the company. Serra Verde’s Pela Ema ionic clay deposit in Brazil is scheduled to begin commercial production in 2024, with an expected annual output of 5,000 mt of total rare earth oxides, including dysprosium, erbium, neodymium, and praseodymium. Serra Verde plans to use the funds to refinance existing loan facilities and expand production capacity. The project aims to increase total rare earth oxide production to 6,500 mt per year by 2027.

Feb 6, 2026 18:43

Feb 6, 2026 18:42

US DFC Offers $565M Financing to Brazilian Rare Earth Project

[SMM Flash: US Provides $565 Million in Financing for Brazilian Rare Earth Project] Serra Verde (a Brazilian rare earth element producer) announced today that the US International Development Finance Corporation (DFC) has provided it with a financing package worth $565 million, which also includes an option for the US government to acquire a minority stake in the company. Serra Verde's Pela Ema ionic clay deposit in Brazil is scheduled to commence commercial production in 2024, with an expected annual output of 5,000 mt of total rare earth oxides, including elements such as dysprosium, erbium, neodymium, and praseodymium. Serra Verde plans to use the funds to refinance existing loan facilities and expand production capacity. The project aims to increase the annual production of total rare earth oxides to 6,500 mt by 2027.

Feb 6, 2026 18:42