Affected by weak demand, rare earth prices drop slightly [SMM Rare Earth Daily Review]

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SMM News on May 20: Today, rare earth market prices dropped slightly. Specifically, in the oxide market, the price of Pr-Nd oxide fell to 426,000-428,000 yuan/mt, dysprosium oxide prices decreased to 1.61-1.65 million yuan/mt, terbium oxide prices remained stable at 7.17-7.23 million yuan/mt, and gadolinium oxide prices held steady at 165,000-167,000 yuan/mt. Holmium oxide prices decreased to 517,000-521,000 yuan/mt, and erbium oxide prices continued to fluctuate between 300,000-305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy dropped to 527,000-529,000 yuan/mt today, dysprosium-iron alloy prices decreased to 1.58-1.59 million yuan/mt, terbium metal quotes fell to 8.85-8.9 million yuan/mt, gadolinium-iron alloy prices decreased to 160,000-162,000 yuan/mt, holmium-iron alloy market prices decreased to 525,000-530,000 yuan/mt, and lanthanum-cerium metal prices remained stable at 17,000-19,000 yuan/mt.

Currently, rare earth market prices are showing a slight downward trend. This is mainly due to the lack of improvement in end-use demand and the NdFeB industry entering the off-season, resulting in no improvement in order volumes for magnetic material enterprises and a slightly sluggish overall market sentiment. Market transactions are mediocre, with some traders choosing to lower their quotes to test market reactions, but actual trading volumes remain limited, and wait-and-see sentiment is strong. Overall, weak demand is the main reason for the slight decline in rare earth market prices.