【SMM Rare Earth Morning Meeting Summary】Suppliers Sold at Low Prices, Downstream Purchasing Remained Cautious and Watchful

Published: Mar 27, 2025 09:19

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SMM Rare Earth Morning Meeting Summary: Suppliers Dump Goods at Low Prices, Downstream Buyers Remain Cautious and Watchful. Yesterday, the rare earth market prices continued to decline. As the news of the resumption of Myanmar ore imports has been officially confirmed, some suppliers have become more active in dumping goods at low prices, while downstream buyers remain cautious and watchful. The actual transaction prices of rare earth oxides have significantly decreased.

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SMM March 27 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is around 35,600 yuan/mt, monazite is about 42,200 yuan/mt, and medium-yttrium, europium-rich ore is approximately 186,000 yuan/mt.

Supply and Demand: Currently, influenced by news factors, rare earth ore prices are generally weak, and separation plants have further increased the deduction of TC for ion-adsorption ore.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is about 437,000-439,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.62-1.64 million yuan/mt, and the quotation for terbium oxide has been adjusted to around 6.38-6.43 million yuan/mt.

Supply and Demand: Yesterday, the rare earth market prices continued to decline. As the news of the resumption of Myanmar ore imports has been officially confirmed, some suppliers have become more active in selling at low prices, while downstream buyers remain cautious and watchful, leading to a significant decrease in the actual transaction prices of rare earth oxides.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 538,000-542,000 yuan/mt, the quotation for dysprosium-iron alloy is about 1.6-1.61 million yuan/mt, and the quotation for terbium metal is approximately 8.03-8.07 million yuan/mt.

Supply and Demand: As raw material prices continue to decline, the purchasing atmosphere has become more subdued due to the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn. Metal plant quotations have also decreased following the drop in oxide prices, and actual transaction conditions remain poor.

NdFeB Blank

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

Supply and Demand: Yesterday, rare earth prices continued to fall. Due to the volatile market conditions, the magnetic materials market has become more cautious in purchasing, and the sentiment of watchfulness has intensified.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 469-474 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,613-1,635 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,232-5,341 yuan/kg.

Supply and Demand: Yesterday, scrap market prices declined. Separation companies generally slowed down their purchasing pace, mainly buying at lower prices and negotiating based on specific ratios.

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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