Limited Low-Priced Supplies in the Market, Rare Earth Prices Show Relatively Small Fluctuations [SMM Rare Earth Weekly Review]

March 20 Update: Rare Earth Ore: Today, the price range for rare earth carbonate is 36,000-36,100 yuan/mt, monazite prices are adjusted to 42,000-43,000 yuan/mt, and medium-yttrium, europium-rich ore prices are around 189,000-190,000 yuan/mt. The overall supply of rare earth ore remains tight, with separation plants being cautious in procurement, and ore prices are generally stable. Rare Earth Oxides: Currently, lanthanum oxide prices are steady at 4,200-4,600 yuan/mt, while cerium oxide prices have been adjusted up to 12,500-13,500 yuan/mt this week. Throughout the week, rare earth oxide prices have remained relatively stable. With no new mining quotas issued, downstream buyers are adopting a wait-and-see approach, but suppliers are also unwilling to lower prices easily, leading to limited low-priced supplies. Prices of mainstream products show little fluctuation, though some rare earth oxides have pulled back slightly. Yttrium oxide prices have dropped back to 53,000-55,000 yuan/mt this week. Rare Earth Metals: In the metal market, under uncertain future conditions, metal factories are maintaining stable quotes. Magnetic material enterprises remain unenthusiastic about procurement. However, with relatively small changes in raw material prices, there are few transactions at low prices. Amidst the ongoing back-and-forth negotiations between upstream and downstream, the trading activity in the rare earth market is sluggish. Rare Earth Permanent Magnets: NdFeB blank prices, NdFeB N38 (Ce) is priced at 145-155 yuan/kg; NdFeB 40M is priced at 191-201 yuan/kg; NdFeB 40H is priced at 195-205 yuan/kg; NdFeB 45SH (Ce) is priced at 245-265 yuan/kg. This week, overall rare earth prices have remained stable. The magnetic material market continues to polarize, with orders gradually concentrating among large enterprises, while small and medium-sized enterprises have not met their order expectations, resulting in sluggish market transactions. Downstream customers are less accepting of high-priced goods, and some companies are taking orders below market prices, intensifying market competition. It is expected that the market situation will not change significantly in the short term. Rare Earth Scrap: This week, PrNd recycled from NdFeB scrap is priced at 469-480 yuan/kg; dysprosium recycled from NdFeB scrap is priced at 1,635-1,679 yuan/kg; terbium recycled from NdFeB scrap is priced at 5,287-5,341 yuan/kg. Currently, due to low inventory levels of scrap at magnetic material enterprises, overall shipments are relatively small, leading to a tightening supply and firm transaction prices. The inverted phenomenon in the scrap industry has intensified. Meanwhile, scrap separation enterprises are also cautious in procurement, focusing mainly on meeting essential needs. Free Trial Application for SMM Metal Industry Chain Database