Rare earth prices remain stable at a high level, with strong wait-and-see sentiment in the market [SMM Rare Earth Daily Review]

Published: Jun 23, 2025 17:34

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[SMM Rare Earth Daily Review: Rare Earth Prices Remain Stable at High Levels, with Strong Wait-and-See Sentiment in the Market] Currently, rare earth market prices are running smoothly. This is mainly due to the impact of market speculation driven by news. After prices rose, wait-and-see sentiment in the market increased, with low activity in overall market offers and inquiries, and average actual trading volume. Meanwhile, as magnetic material enterprises have been restocking and purchasing recently, and end-use demand has not improved, their acceptance of high-priced metals is average.

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SMM News on June 23: Today, the rare earth market operated with stable prices. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 443,000-445,000 yuan/mt, dysprosium oxide at 1.625-1.635 million yuan/mt, terbium oxide at 7.12-7.18 million yuan/mt, and gadolinium oxide at 160,000-162,000 yuan/mt. Holmium oxide prices remained stable at 514,000-518,000 yuan/mt, while 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 543,000-547,000 yuan/mt today. Dysprosium-iron alloy prices remained stable at 1.57-1.58 million yuan/mt, terbium metal quotes at 8.8-8.85 million yuan/mt, gadolinium-iron alloy prices at 156,000-157,000 yuan/mt, holmium-iron alloy prices at 515,000-525,000 yuan/mt, and lanthanum-cerium metal prices remained stable at 17,000-19,000 yuan/mt.

Currently, the rare earth market is operating with stable prices. This is mainly due to the market being influenced by speculative news. After prices rose, wait-and-see sentiment increased in the market, with low activity in overall market offers and inquiries, and average actual trading volume. Meanwhile, as magnetic material enterprises have been restocking recently and end-use demand has not improved, their acceptance of high-priced metals remains average. Overall, market prices are maintaining stability at a high level, with strong wait-and-see sentiment and low activity in offers and inquiries. It is expected that in the short term, supported by costs, rare earth prices will be difficult to fall significantly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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