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SMM News on June 11: Today, the rare earth market prices were in the doldrums. Specifically, in the oxide market, the price of Pr-Nd oxide fell to 444,000-446,000 yuan/mt, dysprosium oxide prices dropped to 1.63-1.64 million yuan/mt, terbium oxide prices remained stable at 7.2-7.25 million yuan/mt, and gadolinium oxide prices decreased to 163,000-165,000 yuan/mt. Holmium oxide prices held steady at 515,000-520,000 yuan/mt, while erbium oxide prices continued to fluctuate between 300,000-305,000 yuan/mt.
In the metal market, Pr-Nd alloy prices remained stable today at 548,000-550,000 yuan/mt, dysprosium-iron alloy prices stabilized at 1.59-1.61 million yuan/mt, terbium metal quotes held steady at 8.9-9 million yuan/mt, gadolinium-iron alloy prices decreased to 158,000-159,000 yuan/mt, holmium-iron alloy market prices remained stable at 524,000-528,000 yuan/mt, and lanthanum-cerium metal prices continued to hold steady at 17,000-19,000 yuan/mt.
Currently, rare earth market prices are in the doldrums. This is mainly due to the lack of improvement in end-use demand, with magnetic material enterprises experiencing average order volumes and struggling to accept high metal prices. Meanwhile, metal prices have remained stable at elevated levels due to the cost support from oxides, resulting in a stalemate in market transactions and a slight decline in oxide market prices. In summary, although oxide market prices have decreased, this has not affected metal market prices, and the stalemate between upstream and downstream sectors persists. It is expected that in the short term, if end-use demand continues to be insufficient, rare earth prices may continue to be in the doldrums.
