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SMM reported on June 26: Today, the rare earth market experienced a two-tiered price differentiation. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 444,000-446,000 yuan/mt, dysprosium oxide at 1.615-1.625 million yuan/mt, terbium oxide at 7.1-7.13 million yuan/mt, and gadolinium oxide at 160,000-162,000 yuan/mt. The price of holmium oxide remained stable at 514,000-518,000 yuan/mt, while the price of erbium oxide continued to fluctuate within the range of 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, dysprosium-iron alloy at 1.56-1.58 million yuan/mt, terbium metal at 8.8-8.85 million yuan/mt, and gadolinium-iron alloy at 156,000-157,000 yuan/mt. The market price of holmium-iron alloy remained stable at 515,000-525,000 yuan/mt, while the price of lanthanum-cerium alloy continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the rare earth market is operating steadily, primarily due to the tightening of low-priced supplies in the oxide market. Despite fewer transactions, suppliers have high expectations for future prices and are reluctant to sell at low prices, showing strong reluctance to budge on prices. Metal factory quotes remain high and stable, supported by oxide costs. However, magnetic material factories have generally low acceptance of high-priced metals due to unimproved order conditions, resulting in sluggish overall market transactions. Overall, due to weak end-use demand, magnetic material factories find it difficult to accept high-priced metals, leading to a stalemate in market transactions. It is expected that in the short term, rare earth prices may operate steadily.
