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SMM News on May 23: Today, the overall price of the rare earth market remained relatively stable. Specifically, in the oxide market, the price of Pr-Nd oxide increased to 428,000 to 430,000 yuan/mt, the price of dysprosium oxide remained stable at 1.61 million to 1.64 million yuan/mt, the price of terbium oxide increased to 7.02 million to 7.06 million yuan/mt, and the price of gadolinium oxide remained stable at 164,000 to 166,000 yuan/mt. The price of holmium oxide remained stable at 510,000 to 515,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000 to 305,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy remained stable at 525,000 to 529,000 yuan/mt today, the price of dysprosium-iron alloy remained stable at 1.58 million to 1.59 million yuan/mt, the quoted price of terbium metal remained stable at 8.75 million to 8.8 million yuan/mt, the price of gadolinium-iron alloy remained stable at 158,000 to 161,000 yuan/mt, the market price of holmium-iron alloy remained stable at 520,000 to 525,000 yuan/mt, and the price of lanthanum-cerium alloy remained stable at 17,000 to 19,000 yuan/mt.
Currently, the price of the rare earth market has basically remained stable. As the weekend approaches, market trading has become sluggish, with an overall calm atmosphere. Despite the news of tenders from major manufacturers circulating, which has boosted market confidence, the wait-and-see sentiment remains relatively strong. Overall, the release of tender information from major manufacturers has restored market confidence to a certain extent, and it is expected that rare earth prices will continue to remain stable in the short term.
