Intense Back-and-Forth Negotiations Between Upstream and Downstream Stabilize Rare Earth Prices [SMM Rare Earth Daily Review]

SMM Rare Earth Prices, Data, and Market Analysis Subscription to View SMM Metal Spot Historical Price Trends SMM March 20: Today, the rare earth market as a whole showed a stable state, with prices basically maintaining a steady level. In the oxide market, Pr-Nd oxide prices remained stable at 444,000 to 445,000 yuan per mt, dysprosium oxide prices stayed at 1.68 million to 1.7 million yuan per mt. Terbium oxide continued to be priced at 6.56 million to 6.6 million yuan per mt, gadolinium oxide prices fluctuated between 167,000 to 170,000 yuan per mt, holmium oxide prices ranged from 466,000 to 470,000 yuan per mt, and erbium oxide prices were maintained at 293,000 to 297,000 yuan per mt. In the metal market, Pr-Nd alloy prices remained firm, staying within the range of 543,000 to 547,000 yuan per mt, dysprosium-iron alloy prices slightly decreased to 1.63 million to 1.64 million yuan per mt. Terbium metal prices held steady at 8.1 million to 8.15 million yuan per mt, and gadolinium-iron prices stayed between 164,000 to 166,000 yuan per mt. Lanthanum-cerium metal prices increased to 17,000 to 19,000 yuan per mt. Currently, the purchasing activity in the rare earth market remains relatively low, with upstream sellers holding firm on their quotes, leading to relatively small price fluctuations. However, due to limited order increases from downstream magnetic material enterprises, market transactions were sluggish. Downstream customers' acceptance of high-priced raw materials was not high, resulting in enterprises taking orders at prices generally lower than the market price, making downstream enterprises cautious about procurement. Amid the stalemate in the upstream and downstream market competition, it is expected that rare earth prices will continue to remain stable in the short term.