Market bullish sentiment resurges, rare earth prices rise significantly [SMM Rare Earth Daily Review]

Published: May 13, 2025 15:42

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[SMM Rare Earth Daily Review: Market Sentiment for Price Increase Soars, Rare Earth Prices Rise Significantly] Currently, rare earth market prices have seen a significant increase. In recent days, influenced by macro front policy news, market confidence has been boosted. Additionally, as the rare earth market has not shown improvement for a long time, the market sentiment for price increase has soared, further driving up rare earth market prices. However, due to the impact of export controls and the traditional off-season for magnetic material enterprises, end-use demand has not improved. Magnetic material enterprises find it difficult to accept high-priced Pr-Nd alloy. Whether the subsequent market prices can maintain their high levels remains to be seen based on changes in end-use demand.

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SMM News on May 13: Today, the rare earth market prices showed a significant upward trend. Specifically, in the oxide market, the price of Pr-Nd oxide rose to 435,000 to 440,000 yuan per mt, dysprosium oxide increased to 1.65 million to 1.68 million yuan per mt, terbium oxide surged to 7.2 million to 7.25 million yuan per mt, and gadolinium oxide climbed to 170,000 to 174,000 yuan per mt. Holmium oxide prices rose to 520,000 to 525,000 yuan per mt, while erbium oxide prices continued to fluctuate between 300,000 and 305,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy surged to 535,000 to 540,000 yuan per mt today. Dysprosium-iron alloy prices increased to 1.6 million to 1.62 million yuan per mt, and the quoted price of terbium metal rose to 8.85 million to 8.9 million yuan per mt. Gadolinium-iron alloy prices increased to 167,000 to 169,000 yuan per mt, while holmium-iron alloy market prices followed the oxide market's upward trend, reaching 530,000 to 535,000 yuan per mt. The price of lanthanum-cerium metal remained stable at 17,000 to 19,000 yuan per mt.

Currently, rare earth market prices have seen a significant increase. In recent days, influenced by macro front policy news, market confidence has been boosted. Additionally, as the rare earth market has not shown improvement for a long time, there is a strong sentiment in the market for price increases, which has further driven up rare earth market prices. However, due to the impact of export controls and the traditional off-season for magnetic material enterprises, end-use demand has not improved. Magnetic material enterprises find it difficult to accept the high prices of Pr-Nd alloy, and whether the subsequent market prices can sustain their high levels remains to be seen based on changes in end-use demand. Overall, rare earth prices have risen significantly, and the market sentiment is strongly bullish. However, the future price trend will still need to be monitored based on macro front policy news and changes in end-use demand.

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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