Supplier Quotes Are on the High Side, Actual Transactions in the Rare Earth Market Are Sluggish [[SMM] Rare Earth Daily Review]

Published: May 8, 2025 14:26

Save

[SMM Rare Earth Daily Review: Suppliers Offer High Quotes, Actual Transactions in Rare Earth Market Sluggish] Currently, the overall price of the rare earth market has risen. Driven by news-related factors, suppliers continue to offer high quotes, and the supply of low-priced goods is rapidly tightening. However, from a demand perspective, the order-taking situation of downstream magnetic material enterprises remains poor. Given the difficulty for metal plants to sell goods at high prices, they also find it hard to accept high-priced oxides. The actual transaction situation in the market is very sluggish, with most inquiries focusing on low-priced goods and purchasing as needed.

》Check SMM's rare earth quotes, data, and market trend analysis

》Subscribe to view historical price trends of SMM's metal spot cargo

SMM News on May 8: Today, the rare earth market prices showed an overall trend of stabilization. Specifically, in the oxide market, the price of Pr-Nd oxide continued to rise to 417,000-419,000 yuan/mt, the price of dysprosium oxide remained stable at 1.6-1.62 million yuan/mt, the price of terbium oxide also increased to 6.88-6.94 million yuan/mt, and the price of gadolinium oxide slightly rose to 165,000-167,000 yuan/mt. The price of holmium oxide also increased to 510,000-515,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 298,000-303,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy rose to 510,000-515,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, the quoted price of terbium metal increased to 8.46-8.5 million yuan/mt in line with the market, the price of gadolinium-iron alloy also rose to 160,000-164,000 yuan/mt, the market price of holmium-iron alloy adjusted to 515,000-525,000 yuan/mt in line with the oxide, and the price of lanthanum-cerium metal remained stable at 17,000-19,000 yuan/mt.

Currently, the overall prices in the rare earth market have risen somewhat. Driven by news factors, suppliers continue to quote higher prices, and the availability of low-priced goods is rapidly tightening. However, from the demand perspective, the order-taking situation of downstream magnetic material enterprises remains poor. Given the difficulty in selling at high prices, metal factories also find it hard to accept high-priced oxides. The actual transaction situation in the market is very sluggish, with most transactions being inquiries for low-priced goods and purchasing as needed. Overall, the back-and-forth negotiations between upstream and downstream in the rare earth market are intense, and most market participants still have a strong wait-and-see sentiment. It is expected that rare earth prices will find it difficult to continue rising significantly.

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 for 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

5 hours ago

Energy Fuels to Acquire German Magnet Maker VAC for $1.9B, Creating Full Rare Earth Supply Chain

[SMM Rare Earth Flash] US critical minerals producer Energy Fuels (NYSE American: UUUU) recently announced that it has signed a definitive agreement with private equity firm Ara Partners to acquire Vacuumschmelze (VAC), a century-old German magnetic material enterprise, for approximately $1.9 billion. The transaction is expected to close in early 2027. VAC’s existing Sumter plant in South Carolina, US, has a permanent magnet capacity of 2,000 mt per year, expandable to 12,000 mt per year. The acquisition combines VAC’s downstream magnetic material manufacturing with Energy Fuels’ upstream rare earth mining and separation assets, as well as the metal capacity from the planned acquisition of Australian Strategic Materials (ASM), creating the first rare earth platform in the West that spans the entire supply chain from mining to finished magnets. VAC will retain its German headquarters and brand.

5 hours ago

8 hours ago

Empowering Through Industry-Inspection Synergy, Jointly Exploring New Industrial Horizons! SMM Visits China Certification & Inspection Group Guangxi Co., Ltd.

8 hours ago

12 hours ago

Rare Earth Prices Surge: Pr-Nd and Gadolinium Products See Significant Increases Amid Strong Demand

[SMM Rare Earth Price Flash] Affected by multiple factors, prices of Pr-Nd and gadolinium products saw significant increases. As of 11:00 today, the Pr-Nd oxide price range was 748,000-752,000 yuan/mt, up 22,000 yuan/mt from yesterday morning. Among them, transactions were continuously concluded at 749,000-750,000 yuan/mt, with the highest quoted price at 755,000 yuan/mt. The gadolinium oxide price range was 215,000-220,000 yuan/mt, up 8,500 yuan/mt from yesterday morning, with transactions continuously concluded at 217,000-218,000 yuan/mt, and an inquiry price at 215,000 yuan/mt. The Pr-Nd alloy price range was 910,000-920,000 yuan/mt, up 30,000 yuan/mt from yesterday morning. The gadolinium iron price range was 205,000-210,000 yuan/mt, up 10,000 yuan/mt from yesterday morning. According to SMM, the sharp rise in Pr-Nd prices today was mainly driven by the rapid increase in Pr-Nd oxide futures prices. Suppliers showed weak willingness to sell at low prices. Meanwhile, large downstream magnetic material manufacturers entered the market to tender for Pr-Nd alloy, providing demand support for the price increase. Gadolinium product prices were mainly boosted by the rise in Pr-Nd product prices, and suppliers raised their quotes.

12 hours ago