The rare earth market showed a two-tiered differentiation, with medium-heavy rare earth stabilizing after a decline. [SMM Rare Earth Daily Review]

Published: Apr 25, 2025 13:45

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SMM Rare Earth Daily Review: Rare Earth Market Shows Divergence, Medium-Heavy Rare Earth Stabilizes. Today, the rare earth market prices exhibited a divergence trend. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 405,000-407,000 yuan per mt, the price of dysprosium oxide remained stable at 1.6-1.62 million yuan per mt, and the price of terbium oxide maintained at 6.74-6.8 million yuan per mt.

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SMM, April 25: Today, the rare earth market prices showed a two-tiered differentiation trend. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 405,000-407,000 yuan per mt, the price of dysprosium oxide remained stable at 1.6-1.62 million yuan per mt, the price of terbium oxide maintained at 6.74-6.8 million yuan per mt, and the price of gadolinium oxide remained stable at 160,000-162,000 yuan per mt. The price of holmium oxide increased to 492,000-498,000 yuan per mt, while the price of erbium oxide fluctuated between 298,000-303,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy decreased to 498,000-502,000 yuan per mt, the price of dysprosium-iron alloy remained stable at 1.6-1.61 million yuan per mt, the price of terbium metal decreased to 8.45-8.5 million yuan per mt, the price of gadolinium-iron alloy remained stable at 159,000-161,000 yuan per mt, the price of holmium-iron alloy increased to 505,000-515,000 yuan per mt, and the price of lanthanum-cerium alloy fluctuated between 17,000-22,000 yuan per mt.

Currently, the rare earth market prices overall show a two-tiered differentiation trend. In the medium-heavy rare earth market, as prices continued to decline, the selling frenzy among traders has ended, and the market prices have stabilized, returning to a relatively stable state. Meanwhile, in the light rare earth market, due to the lack of improvement in downstream end-use demand, the prices of Pr-Nd products continue to decline. Therefore, the rare earth market overall presents a two-tiered differentiation pattern, with medium-heavy rare earth prices stabilizing and light rare earth prices slightly weakening. It is expected that in the short term, the prices of medium-heavy rare earths will remain stable, while the prices of light rare earths may continue to weaken slightly.

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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