SMM Rare Earth Morning Meeting Summary: News Spread Rapidly, Rare Earth Prices Fluctuated Downward Overall

Published: Mar 26, 2025 09:22

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SMM Rare Earth Morning Meeting Summary: Rapid Spread of News, Rare Earth Prices Generally Fluctuate Downward. Yesterday, the prices of rare earth oxides generally fluctuated downward. Under the influence of news from the mine side, the confidence of most industry players in the future market significantly declined, and the price of Pr-Nd oxide dropped back slightly.

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SMM March 26 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are around 35,900 yuan/mt, monazite prices are around 42,400 yuan/mt, and medium-yttrium, europium-rich ore prices are around 187,000 yuan/mt.

Supply and Demand: Currently, news of the imminent resumption of imports from Myanmar mines has led to a decrease in market sentiment among some industry players, with rare earth ore prices showing signs of weakness.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is around 441,000-443,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.64-1.65 million yuan/mt, and terbium oxide prices have been adjusted to around 6.48-6.5 million yuan/mt.

Supply and Demand: Yesterday, the news of the resumption of Myanmar mines further fermented, causing suppliers' confidence in the future market to become even more unstable, leading to active low-price sales. The price of Pr-Nd oxide slowed down its decline due to purchases by large factories, but the prices of dysprosium oxide and terbium oxide fell relatively faster.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 542,000-543,000 yuan/mt, dysprosium-iron alloy prices are around 1.6-1.62 million yuan/mt, and terbium metal prices are around 8.08-8.12 million yuan/mt.

Supply and Demand: Currently, metal market prices have also experienced a certain degree of decline following the oxides, but in the overall weak market, downstream purchasing enthusiasm has further weakened, and inquiry activity has significantly decreased.

NdFeB Blank

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

Supply and Demand: Yesterday, rare earth prices showed a weak trend. The magnetic material market saw a significant increase in low inquiries, and market activity slightly improved. Most industry insiders hold a steady expectation for future trends.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap closed at 469-480 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,635-1,657 yuan/kg; terbium recycled from NdFeB scrap closed at 5,232-5,341 yuan/kg.

Supply and Demand: Yesterday, the scrap market performed weakly, with separation companies slightly lowering scrap purchase quotations, but even so, transactions were still difficult to reach. The market is filled with a strong wait-and-see sentiment, with both buyers and sellers mostly in a stalemate.

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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