[SMM Rare Earth Morning Meeting Summary] Market Confidence of Enterprises Declines, Rare Earth Prices Drop Back Slightly

Published: Mar 25, 2025 10:07
[SMM Rare Earth Morning Meeting Summary: Market Confidence Among Companies Declines, Rare Earth Prices Drop Back Slightly] Yesterday, rare earth oxide prices fluctuated downward. Influenced by news from the mining sector, the confidence of most industry players in the future market clearly declined, and Pr-Nd oxide prices dropped back slightly.

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SMM March 25 News:

Rare Earth Ore Prices: The price of rare earth carbonate is around 36,000 yuan/mt, monazite prices are about 42,500 yuan/mt, and the price of medium-yttrium, europium-rich ore is approximately 188,000 yuan/mt.

Supply and Demand: Currently, with news that imports from Myanmar will soon resume, some market participants' sentiment has declined, and there are signs of a downward fluctuation in ore prices.

Rare Earth Oxide Prices: The quotation range for Pr-Nd oxide is about 442,000-444,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.65-1.67 million yuan/mt, and the quotation for terbium oxide has been adjusted to around 6.5-6.55 million yuan/mt.

Supply and Demand: Yesterday, overall rare earth oxide prices fluctuated downward. Influenced by news on the mining front, most industry players' confidence in the future market has significantly decreased, and Pr-Nd oxide prices have dropped back slightly.

Rare Earth Metal Prices: The mainstream quotation range for Pr-Nd alloy is 543,000-545,000 yuan/mt, dysprosium-iron alloy is quoted at about 1.63-1.65 million yuan/mt, and terbium metal is quoted at around 8.1-8.15 million yuan/mt.

Supply and Demand: At present, metal factories' quotations remain firm. At the beginning of the week, trading in the rare earth market was relatively quiet, with fewer transactions of rare earth metals. Some suppliers offered lower-priced goods, but overall, the price trend remains stable.

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

Supply and Demand: Yesterday, rare earth prices remained weak and stable. The overall atmosphere in the magnet market is still rather subdued. With sluggish growth in downstream orders, companies' purchasing enthusiasm is low, and the market is filled with a strong wait-and-see sentiment.

NdFeB Scrap Prices: Pr-Nd 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.

Supply and Demand: Yesterday, scrap market quotations showed some relaxation. Affected by news, there was an increase in selling activities, but the actual room for price concessions was limited, and few deals were made at lower prices.

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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