Driven by macro news factors, rare earth market prices rose significantly [SMM Rare Earth Daily Review]

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SMM June 20: Rare earth market prices rose significantly today. Specifically, in the oxide market, Pr-Nd oxide prices edged up to 443,000-445,000 yuan/mt, dysprosium oxide prices increased slightly to 1.625-1.635 million yuan/mt, terbium oxide prices rose modestly to 7.12-7.18 million yuan/mt, while gadolinium oxide prices remained stable at 160,000-162,000 yuan/mt. Holmium oxide prices climbed to 514,000-518,000 yuan/mt, and erbium oxide prices continued fluctuating between 300,000-305,000 yuan/mt.

In the metal market, Pr-Nd alloy prices rose to 544,000-548,000 yuan/mt today, dysprosium-iron alloy prices held steady at 1.57-1.58 million yuan/mt, terbium metal quotations remained unchanged at 8.8-8.85 million yuan/mt, gadolinium-iron alloy prices stayed flat at 156,000-157,000 yuan/mt, holmium-iron market prices declined to 515,000-525,000 yuan/mt, while lanthanum-cerium alloy prices continued stabilizing between 17,000-19,000 yuan/mt.

Currently, rare earth market prices show a clear upward trend, primarily driven by major producers' procurement activities and news factors. As concentrated procurement by large enterprises tightened low-priced spot cargo supply, coupled with news-driven sentiment boosts, suppliers refused to budge on prices, leading to notable price increases. However, downstream buyers maintained a wait-and-see attitude toward the price hikes due to weaker-than-expected orders. Overall, with magnetic material enterprises conducting restocking purchases but lacking clear policy catalysts, market acceptance of price increases remains moderate amid strong wait-and-see sentiment. Short-term rare earth prices are expected to fluctuate rangebound.