Rare earth mine producers are reluctant to sell and refuse to budge on prices, leading to a slight rise in prices [SMM Rare Earth Daily Review]

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SMM News on June 5: Today, rare earth market prices rose slightly. Specifically, in the oxide market, the price of Pr-Nd oxide increased to 440,000-443,000 yuan/mt, dysprosium oxide remained stable at 1.62-1.64 million yuan/mt, terbium oxide remained stable at 7.16-7.2 million yuan/mt, and gadolinium oxide increased to 164,000-167,000 yuan/mt. Holmium oxide remained stable at 513,000-517,000 yuan/mt, and erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy increased to 539,000-542,000 yuan/mt today, dysprosium-iron alloy remained stable at 1.58-1.59 million yuan/mt, terbium metal remained stable at 8.8-8.9 million yuan/mt, gadolinium-iron alloy increased to 160,000-162,000 yuan/mt, holmium-iron alloy remained stable at 524,000-528,000 yuan/mt, and lanthanum-cerium metal remained stable at 17,000-19,000 yuan/mt.

Currently, rare earth market prices are showing a slight upward trend. This is mainly attributed to the increase in oxide market prices, which has boosted metal market prices. This round of price increases primarily stems from suppliers' reluctance to sell at the mine end, making it difficult for separation plants to procure low-cost materials, forcing them to slightly raise prices under cost pressure. Metal plants have thus been compelled to follow suit with price increases to alleviate losses. However, due to the lack of improvement in end-use demand, the profit margins of magnetic material enterprises have been severely compressed, making it difficult for them to accept high-priced metals. Therefore, it is expected that rare earth prices will fluctuate in the short term.