SMM Rare Earth Morning Meeting Summary: Trading of Rare Earth Oxides Remains Sluggish, Market in a Wait-and-See Mode

Published: Apr 14, 2025 09:05

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SMM Rare Earth Morning Meeting Summary: Rare Earth Oxide Trading Remains Sluggish, Market in Wait-and-See Mode. Last week, as the weekend approached, the rare earth oxide market was relatively quiet. Suppliers were not very active in quoting prices, and downstream buyers were more inclined to wait and see future market changes. Overall, the trading volume of rare earth oxides was low.

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SMM April 14 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were around 35,000 yuan/mt, monazite prices were around 42,500 yuan/mt, and medium-yttrium, europium-rich ore prices were around 189,000 yuan/mt.

Supply and Demand: Currently, suppliers in the rare earth ore sector are heavily in a wait-and-see mode, with low actual willingness to sell, and rare earth ore prices remain stable.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide was around 428,000-432,000 yuan/mt, the mainstream quotation range for dysprosium oxide was 1.68-1.7 million yuan/mt, and terbium oxide prices were adjusted to around 7.1-7.2 million yuan/mt.

Supply and Demand: Last week, as the weekend approached, the rare earth oxide market was relatively quiet, with suppliers showing low enthusiasm in quoting, and downstream buyers also preferred to wait and see future market changes, resulting in low overall trading volume of rare earth oxides.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy was 526,000-532,000 yuan/mt, dysprosium-iron alloy prices were around 1.63-1.65 million yuan/mt, and terbium metal prices were around 8.8-8.85 million yuan/mt.

Supply and Demand: According to the survey, most metal manufacturers currently quote based on corresponding oxides, while downstream magnetic material enterprises show low purchasing enthusiasm, mainly purchasing as needed, with most magnetic material factories maintaining raw material inventory for more than one month.

NdFeB Blank

Prices: NdFeB blank N38 (Ce) was quoted at 142-152 yuan/kg; NdFeB blank 40M was quoted at 188-198 yuan/kg; NdFeB blank 40H was quoted at 192-202 yuan/kg; NdFeB blank 45SH (ce) was quoted at 242-262 yuan/kg.

Supply and Demand: Last week, due to the impact of policy news, the purchasing enthusiasm for medium-heavy rare earths in the magnetic material market surged significantly. However, as the weekend approached, market sentiment gradually calmed down, and the purchasing enthusiasm of magnetic material enterprises also noticeably declined.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 457-465 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,613-1,635 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,287-5,341 yuan/kg.

Supply and Demand: Last week, scrap market prices fluctuated with the volatility of oxides. As the weekend approached, market inquiries significantly decreased, and enterprise purchases were more driven by actual demand, with a strong wait-and-see sentiment prevailing in the overall market.

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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