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SMM, April 24: Today, the rare earth market prices showed a slight downward trend. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 408,000 to 410,000 yuan per mt, dysprosium oxide decreased to 1.6 to 1.62 million yuan per mt, terbium oxide increased to 6.74 to 6.8 million yuan per mt, and gadolinium oxide decreased to 160,000 to 162,000 yuan per mt. The price of holmium oxide remained stable at 490,000 to 495,000 yuan per mt, while erbium oxide fluctuated between 298,000 and 303,000 yuan per mt.
In the metal market, the price of Pr-Nd alloy decreased to 503,000 to 505,000 yuan per mt, dysprosium-iron alloy decreased to 1.6 to 1.61 million yuan per mt, terbium metal remained stable at 8.45 to 8.55 million yuan per mt, gadolinium-iron alloy remained stable at 159,000 to 161,000 yuan per mt, holmium-iron market price remained stable at 495,000 to 505,000 yuan per mt, and lanthanum-cerium metal fluctuated between 17,000 and 22,000 yuan per mt.
Currently, after several days of continuous decline in the market price of terbium, the low-priced inventory held by traders has decreased, leading to a stabilization and rebound in the market price of terbium oxide, while the price of terbium metal remained stable. With poor orders from magnetic material enterprises, the demand for rare earth metals has declined, causing a continuous drop in the market prices of rare earth metals and dampening market confidence. As a result, the rare earth market as a whole showed a slight downward trend. It is expected that in the short term, the rare earth market prices will continue to show a slight downward trend.
