Rare earth prices remain stable, with renewed bullish sentiment in the market [SMM Rare Earth Daily Review]

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SMM News on June 24: Today, the rare earth market continued to operate steadily. Specifically, in the oxide market, the price of Pr-Nd oxide increased slightly to 444,000-446,000 yuan/mt, the price of dysprosium oxide increased slightly to 1.63-1.64 million yuan/mt, the price of terbium oxide increased slightly to 7.15-7.2 million yuan/mt, and the price of gadolinium oxide remained stable at 160,000-162,000 yuan/mt. The price of holmium oxide remained stable at 514,000-518,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy remained stable at 543,000-547,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, the quoted price of terbium metal remained stable at 8.8-8.85 million yuan/mt, the price of gadolinium-iron alloy remained stable at 156,000-157,000 yuan/mt, the market price of holmium-iron alloy remained stable at 515,000-525,000 yuan/mt, and the price of lanthanum-cerium alloy continued to remain stable at 17,000-19,000 yuan/mt.

Currently, rare earth market prices continue to remain stable. The availability of low-priced goods is gradually decreasing. Coupled with the gradual recovery of end-use demand and the acceleration of export license approvals, market confidence has been boosted, and most industry participants have high expectations for the future prices of rare earths. However, due to the still sluggish downstream demand, the order volume of magnetic material enterprises has not increased, and their acceptance of high prices is average, resulting in weak market transactions. Overall, most industry participants are optimistic about the future prices of rare earths, and rare earth prices are temporarily stable. It is expected that in the short term, rare earth prices will remain stable.