Stockpiling and Inquiry Activities Heat Up as Labour Day Holiday Approaches [SMM Rare Earth Daily Review]

Published: Apr 30, 2025 13:58

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[SMM Rare Earth Daily Review: Stockpiling and Inquiries Active as Labour Day Holiday Approaches] Today, rare earth market prices showed a slight weakening trend. Specifically, in the oxide market, the price of Pr-Nd oxide rose to 410,000-412,000 yuan per mt, the price of dysprosium oxide fell to 1.59-1.61 million yuan per mt, and the price of terbium oxide fell to 6.72-6.75 million yuan per mt.

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SMM News on April 30: Today, the rare earth market prices showed a slight weakening trend. Specifically, in the oxide market, the price of Pr-Nd oxide increased to 410,000 to 412,000 yuan/mt, the price of dysprosium oxide decreased to 1.59 million to 1.61 million yuan/mt, the price of terbium oxide decreased to 6.72 million to 6.75 million yuan/mt, and the price of gadolinium oxide remained stable at 161,000 to 163,000 yuan/mt. The price of holmium oxide decreased to 490,000 to 495,000 yuan/mt, while the price of erbium oxide fluctuated between 298,000 and 303,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy increased to 500,000 to 505,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.57 million to 1.58 million yuan/mt, the quoted price of terbium metal decreased to 8.35 million to 8.4 million yuan/mt, and the price of gadolinium-iron alloy remained stable at 158,000 to 159,000 yuan/mt. The market price of holmium-iron alloy remained at 500,000 to 510,000 yuan/mt, while the price of lanthanum-cerium metal ranged from 17,000 to 22,000 yuan/mt.

Currently, the overall rare earth market prices are showing a slight downward trend. Restocking activities before the Labour Day holiday led to an increase in inquiries in the Pr-Nd market, but the restocking volume was limited. Due to the market's uncertain attitude towards the future outlook, there was a strong wait-and-see sentiment, and most enterprises made cautious purchases based on actual demand. Affected by the sluggish end-use demand, it is expected that rare earth market prices will continue to maintain a slight weakening trend 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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