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

Published: Mar 27, 2025 09:19

Save

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.

》View SMM Rare Earth Quotations, Data, and Market Analysis

》Order and View SMM Metal Spot Historical Price Trends

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

SMM Rare Earth Afternoon Trading Comment for September 18

19 hours ago

21 hours ago

South American Legislation Reshapes Supply, Europe Accelerates Magnet Delivery and Military-Civil Separation [SMM Rare Earth Overseas Weekly Review]

This week, rare earth prices outside China remained generally stable, with terbium oxide and terbium metal both down $12/kg. On the policy front, Argentina and Brazil advanced legislation on national rare earth strategies, strengthening sovereign resource review and local processing requirements. On the industrial front, Neo’s Estonia magnet plant achieved its first commercial shipment of EV traction motor magnets; Saudi Arabia discovered 114 million mt of rare earth-uranium resources; Ucore received additional funding from the US Department of Defense to advance samarium and gadolinium separation. Overall, the ex-China supply chain is accelerating its transition from “resource competition” to a realization phase of “policy rights confirmation + separation scale-up + magnet delivery.”

21 hours ago

Sep 18, 2026 11:42

Rare earth market prices continue to run in the doldrums, with limited actual transaction volume expansion [SMM Rare Earth Daily Review]

[SMM Rare Earth Daily Review: Rare earth market prices continue to run in the doldrums, with limited actual transaction volume growth] Overall, the market today showed a divergent pattern of "oxides fully stable, metals alone declining": the Pr-Nd series has seen no changes for two consecutive days, while gadolinium, holmium, erbium, and other previously adjusted varieties have entered consolidation, with only dysprosium-iron alloy and terbium metal continuing to concede on price; the transaction side has yet to recover, with buyers and sellers still locked in a standoff at low levels, and metal producers' price concessions have brought only limited improvement in actual shipments. Downstream players are mainly engaged in price-comparison inquiries and just-in-time procurement, and the actual implementation of pre-holiday stockpiling remains the biggest variable at present.

Sep 18, 2026 11:42