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NewsFlash / Rare Earth / SMM News: Northern Rare Earth and Bao Gang United Steel Raise Rare Earth Ore Transaction Price by 1.11% QoQ in Q2 2025

SMM News: Northern Rare Earth and Bao Gang United Steel Raise Rare Earth Ore Transaction Price by 1.11% QoQ in Q2 2025

Apr 9, 2025 17:20

Source:SMM

SMM News: China Northern Rare Earth and Bao Gang United Steel's Rare Earth Ore Transaction Price Rose 1.11% QoQ in Q2. China Northern Rare Earth announced on the evening of April 9: According to the rare earth ore pricing method and the Q1 2025 rare earth oxide prices, after calculation and approval at the company's 6th general manager's office meeting in 2025, the Q2 2025 rare earth ore transaction price was adjusted to 18,825 yuan/mt (dry weight, REO=50%), with the tax-exclusive price increasing or decreasing by 376.5 yuan/mt for every 1% increase or decrease in REO. Compared to the Q1 2025 transaction price of 18,618 yuan/mt, the price of 18,825 yuan/mt increased by 207 yuan/mt, up 1.11% QoQ.

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[SMM Rare Earth Weekly Review: Rare Earth Inquiry and Purchase Activity Picks Up as Labour Day Holiday Approaches] Currently, the price of lanthanum oxide remains stable at 4,200-4,800 yuan/mt, while the price of cerium oxide continues to hold steady at 11,600-12,500 yuan/mt this week. During the week, the price of cerium oxide still dropped back slightly, with poor purchase enthusiasm in the downstream market. The price of Pr-Nd oxide also continued to show a weak trend this week, but with its price having fallen to a relatively low level that separation plants can bear, downstream purchase willingness has increased.

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