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

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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.