【SMM Rare Earth Morning Meeting Summary】Rare Earth Prices Slightly Declined, Market Transactions Were Weak

Published: Apr 16, 2025 09:01 (GMT+8)

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SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Slightly Decline, Market Trading Remains Weak. Yesterday, the overall trading center of mainstream rare earth product prices experienced a slight decline, but the overall change was relatively small. Separation plant quotations remained firm, and some traders concluded transactions at lower prices, but the overall trading volume was relatively small.

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SMM April 16 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is around 3.48 million yuan/mt, monazite is about 42,300 yuan/mt, and medium-yttrium, europium-rich ore is approximately 189,500 yuan/mt.

Supply and Demand: Currently, suppliers in the rare earth ore sector are heavily cautious, with a relatively low willingness to sell, and the ore prices remain stable.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is around 429,000-430,000 yuan/mt, the mainstream quotation range for dysprosium oxide is 1.69-1.7 million yuan/mt, and the quotation for terbium oxide has been adjusted to approximately 7.25-7.3 million yuan/mt.

Supply and Demand: Yesterday, the overall price center of mainstream rare earth products experienced a slight decline, but the overall change was relatively small. Separation plants maintained firm quotations, and some traders reported lower-priced transactions, but the overall trading volume was not significant.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 525,000-530,000 yuan/mt, the quotation for dysprosium-iron alloy is about 1.65-1.67 million yuan/mt, and the quotation for terbium metal is approximately 8.9-9 million yuan/mt.

Supply and Demand: Yesterday, the price of Pr-Nd alloy showed slight weakness due to weak downstream procurement demand. Some regions reported low-price transactions, but most metal prices remained largely unchanged under significant raw material cost pressure.

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: Yesterday, as upstream raw material prices weakened, market inquiry activity slightly increased. In the magnetic material market, there were more tentative low-price inquiries, but actual low-price transactions remained scarce.

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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