SMM Rare Earth Morning Meeting Summary: Rare Earth Metal Transaction Prices Decline Amid Sluggish Market Demand

Published: Apr 24, 2025 08:53
SMM Rare Earth Morning Meeting Summary: Rare Earth Metal Transaction Prices Decline Amid Sluggish Market Demand. In the metal sector, downstream demand remained sluggish. Some suppliers, with persistently weak confidence in the future market, continuously lowered their quoted prices. Buyers exerted strong pressure to drive down prices, and the actual transaction prices in the market continued to decline.

View SMM Rare Earth Quotations, Data, and Market Analysis

Order and View SMM Metal Spot Historical Price Trends

SMM April 24 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were around 33,300 yuan/mt, monazite prices were around 41,400 yuan/mt, and medium-yttrium, europium-rich ore prices were around 180,000 yuan/mt.

Supply and Demand: Currently, the fluctuation range of rare earth ore products is relatively small. Rare earth ore prices fluctuate with the oxide market, and separation plants are not actively purchasing, leading to overall weak performance in rare earth ore prices.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide was around 410,000-412,000 yuan/mt, the mainstream quotation range for dysprosium oxide was 1.61-1.62 million yuan/mt, and terbium oxide prices were adjusted to around 6.7-6.8 million yuan/mt.

Supply and Demand: Yesterday, rare earth oxides continued to perform weakly. However, considering that producers intend to stand firm on quotes, although some traders sold at low prices, the overall supply was relatively small, and downstream buyers were not actively inquiring, resulting in low market activity.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy was 505,000-507,000 yuan/mt, dysprosium-iron alloy prices were around 1.61-1.62 million yuan/mt, and terbium metal prices were around 8.5-8.55 million yuan/mt.

Supply and Demand: In the metal sector, downstream demand remained sluggish. Some suppliers, with weak confidence in the future market, continuously lowered their quoted prices, while buyers exerted strong pressure to drive down prices, leading to a continued decline in actual transaction prices.

NdFeB Blank

Prices: NdFeB blank N38 (Ce) was quoted at 136-146 yuan/kg; NdFeB blank 40M was quoted at 182-192 yuan/kg; NdFeB blank 40H was quoted at 186-196 yuan/kg; NdFeB blank 45SH (ce) was quoted at 236-256 yuan/kg.

Supply and Demand: Yesterday, due to uncertainty in ore supply in the upstream oxide market and weak downstream demand, separation plants intended to stand firm on prices. Downstream magnet manufacturers, with poor order situations, had low purchase willingness, and market sentiment was dominated by a wait-and-see attitude. Although suppliers quoted low prices, trading volume was poor.

NdFeB Scrap

Prices: Pr-Nd recycled from NdFeB scrap was quoted at 429-440 yuan/kg; dysprosium recycled from NdFeB scrap was quoted at 1,606-1,628 yuan/kg; terbium recycled from NdFeB scrap was quoted at 5,180-5,380 yuan/kg.

Supply and Demand: Yesterday, NdFeB scrap prices showed no significant changes. After the price decline in previous days, the scrap market has now reached a low level, with low willingness to sell. Due to poor trading in the downstream oxide market, oxide trading volume has decreased.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Frontier Secures $20 Million and Signs Rare Earth Offtake Agreement
Feb 6, 2026 18:46
Frontier Secures $20 Million and Signs Rare Earth Offtake Agreement
Read More
Frontier Secures $20 Million and Signs Rare Earth Offtake Agreement
Frontier Secures $20 Million and Signs Rare Earth Offtake Agreement
Luxembourg-based Frontier Rare Earths today announced it successfully obtained a $20 million investment from South Africa's Industrial Development Corporation (IDS) and signed an offtake agreement with France's Carester. The company has now initiated the final feasibility study for its South African magnet-use rare earth and battery-grade manganese project. Frontier Rare Earths is currently advancing the development of the Zandkopsdrift project in South Africa. The project is expected to achieve an annual capacity of approximately 3,038 mt of Pr-Nd oxide, 114 mt of dysprosium oxide, and 25 mt of terbium oxide over the first 25 years.
Feb 6, 2026 18:46
US Provides $565 Million in Financing for Brazilian Rare Earth Project
Feb 6, 2026 18:43
US Provides $565 Million in Financing for Brazilian Rare Earth Project
Read More
US Provides $565 Million in Financing for Brazilian Rare Earth Project
US Provides $565 Million in Financing for Brazilian Rare Earth Project
Serra Verde, a Brazilian rare earth element producer, announced today that the US International Development Finance Corporation (DFC) offered it a financing package worth $565 million, which also includes an option for the US government to acquire a minority stake in the company. Serra Verde’s Pela Ema ionic clay deposit in Brazil is scheduled to begin commercial production in 2024, with an expected annual output of 5,000 mt of total rare earth oxides, including dysprosium, erbium, neodymium, and praseodymium. Serra Verde plans to use the funds to refinance existing loan facilities and expand production capacity. The project aims to increase total rare earth oxide production to 6,500 mt per year by 2027.
Feb 6, 2026 18:43
US DFC Offers $565M Financing to Brazilian Rare Earth Project
Feb 6, 2026 18:42
US DFC Offers $565M Financing to Brazilian Rare Earth Project
Read More
US DFC Offers $565M Financing to Brazilian Rare Earth Project
US DFC Offers $565M Financing to Brazilian Rare Earth Project
[SMM Flash: US Provides $565 Million in Financing for Brazilian Rare Earth Project] Serra Verde (a Brazilian rare earth element producer) announced today that the US International Development Finance Corporation (DFC) has provided it with a financing package worth $565 million, which also includes an option for the US government to acquire a minority stake in the company. Serra Verde's Pela Ema ionic clay deposit in Brazil is scheduled to commence commercial production in 2024, with an expected annual output of 5,000 mt of total rare earth oxides, including elements such as dysprosium, erbium, neodymium, and praseodymium. Serra Verde plans to use the funds to refinance existing loan facilities and expand production capacity. The project aims to increase the annual production of total rare earth oxides to 6,500 mt by 2027.
Feb 6, 2026 18:42