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

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[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.

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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.

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