Myanmar Mines Resume Operations, Rare Earth Prices Drop in Response [SMM Rare Earth Weekly Review]

March 27: Rare Earth Ore: Today, the price range of rare earth carbonate was 35,600-35,700 yuan/mt, monazite adjusted to 42,000-42,400 yuan/mt, and medium-yttrium, europium-rich ore was around 185,000-187,000 yuan/mt. Currently, as the supply of rare earth ore is expected to recover, some suppliers began to sell at low prices, and the prices of rare earth ore fluctuated downward this week. Rare Earth Oxides: Currently, the price of lanthanum oxide remained stable at 4,200-4,600 yuan/mt, and the price of cerium oxide also remained stable at 12,500-13,500 yuan/mt this week. During the week, under the influence of the news of the resumption of imports from Myanmar, the prices of various rare earth oxides declined to varying degrees. Among them, the price of Pr-Nd oxide declined relatively slowly due to the procurement by leading large enterprises, and even showed signs of bottoming out on Thursday. The price of yttrium oxide remained stable at 53,000-55,000 yuan/mt this week. The prices of dysprosium oxide and terbium oxide declined relatively quickly, and the news of the resumption of imports of ion-adsorption ore had a greater impact on medium-heavy rare earth. Rare Earth Metals: In the metal market, currently, metal enterprises actively lowered their metal quotations due to the decline in oxide prices. However, under the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, the purchase willingness of downstream magnetic material enterprises was not strong, and the sentiment of metal enterprises to stand firm on quotes for Pr-Nd alloy was relatively strong, and the price decline was also relatively slower than that of dysprosium iron and terbium metal. Rare Earth Permanent Magnets: The price of NdFeB blank N38 (Ce) was 145-155 yuan/kg; the price of NdFeB blank 40M was 191-201 yuan/kg; the price of NdFeB blank 40H was 195-205 yuan/kg; the price of NdFeB blank 45SH (ce) was 245-265 yuan/kg. This week, downstream demand remained stable overall, and there was no obvious sign of a peak season outbreak. Some magnetic material enterprises remained cautious in purchasing raw materials, mostly choosing to replenish as needed. Due to market price fluctuations and demand-side uncertainties, market participants generally adopted a wait-and-see attitude, waiting for clearer market signals. Rare Earth Scrap: This week, the price of Pr-Nd recycled from NdFeB scrap was 469-474 yuan/kg; the price of dysprosium recycled from NdFeB scrap was 1,613-1,635 yuan/kg; the price of terbium recycled from NdFeB scrap was 5,232-5,341 yuan/kg. Currently, the supply of rare earth scrap is relatively stable, but the overall market supply is still limited. Some separation enterprises reduced scrap output due to cost and market expectations. Downstream demand showed mediocre performance, and market activity was not high. Magnetic material enterprises mostly purchased as needed, with limited new orders, and purchase enthusiasm needs to be improved. Due to the prominent supply-demand imbalance and the lack of significant improvement in downstream demand, market participants generally adopted a wait-and-see attitude, waiting for clearer market signals. Apply for a free trial of the SMM Metal Industry Chain Database.