SMM Rare Earth Morning Meeting Summary: Market Activity Increased, Light Rare Earth Prices Rebounded

Published: Apr 15, 2025 09:39
SMM Rare Earth Morning Meeting Summary: Market Activity Increases, Light Rare Earth Prices Rebound. Yesterday, the prices of mainstream rare earth products generally rebounded. After Pr-Nd oxide fell below 430,000 yuan/mt, market acceptance significantly improved. With increased trading activity, the price of Pr-Nd oxide warmed up. The prices of dysprosium and terbium continued to hold up well, while gadolinium and holmium products experienced a jump initially and then pulled back.

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SMM April 15 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 cautious, 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 430,000-432,000 yuan/mt, the mainstream quotation range for dysprosium oxide was 1.69-1.7 million yuan/mt, and terbium oxide prices were adjusted to around 7.25-7.3 million yuan/mt.

Supply and Demand: Yesterday, prices of mainstream rare earth products rebounded overall. After Pr-Nd oxide fell below 430,000 yuan/mt, market acceptance significantly improved, and with increased trading activity, Pr-Nd oxide prices recovered. Dysprosium and terbium prices also continued to hold up well, but gadolinium and holmium products experienced a jump initially and then pulled back.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy was 528,000-532,000 yuan/mt, dysprosium-iron alloy prices were around 1.65-1.67 million yuan/mt, and terbium metal prices were around 8.9-9 million yuan/mt.

Supply and Demand: Metal manufacturers maintained firm quotations despite high oxide prices, and low-priced sources were hard to find. However, magnetic material enterprises still had poor procurement conditions, and back-and-forth negotiations between upstream and downstream remained intense.

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: Currently, due to export restrictions, some magnetic material enterprises face export limitations, and the overall market is in a wait-and-see state. Enterprises are cautious in procurement, waiting for further release of market demand.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 440-451 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,609-1,635 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,287-5,341 yuan/kg.

Supply and Demand: Currently, the scrap market showed mediocre performance with low trading volume. Suppliers generally maintained a wait-and-see attitude, unwilling to sell at low prices, and the stalemate may continue in the short term.

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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