The rare earth market is operating steadily with strong wait-and-see sentiment [SMM Rare Earth Daily Review]

Published: Jul 1, 2025 14:20

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[SMM Daily Review of Rare Earth: Rare Earth Market Runs Steadily with Strong Wait-and-See Sentiment] Currently, the rare earth market is generally running steadily. The price of Pr-Nd alloy has increased due to the firm quotes in the oxide market and the tightening of low-priced supply in the market. However, constrained by end-use demand, the order-taking situation of downstream magnetic material enterprises has not improved, and their acceptance of high-priced metals is average, so the increase in Pr-Nd alloy prices is limited. As for medium-heavy rare earth, the price of terbium metal has been dragged down by the stalemate in market transactions, with some suppliers closing deals at low prices, but due to cost considerations, most suppliers have a general willingness to sell.

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SMM reported on July 1: Today, the rare earth market operated steadily. Specifically, in the oxide market, the price of Pr-Nd oxide remained stable at 444,000-445,000 yuan/mt, the price of dysprosium oxide stabilized slightly at 1.61-1.62 million yuan/mt, the price of terbium oxide decreased slightly to 7.05-7.08 million yuan/mt, and the price of gadolinium oxide decreased slightly to 162,000-163,000 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 increased slightly to 543,000-548,000 yuan/mt, the price of dysprosium-iron alloy remained stable at 1.56-1.58 million yuan/mt, the quoted price of terbium metal decreased slightly to 8.7-8.8 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 between 17,000-19,000 yuan/mt.

Currently, the overall rare earth market is operating steadily. The price of Pr-Nd alloy has increased slightly due to the firm quotes in the oxide market and the tightening of low-priced supplies in the market. However, constrained by end-use demand, the order-taking situation of downstream magnetic material enterprises has not improved, and their acceptance of high-priced metals is generally average, limiting the increase in Pr-Nd alloy prices. For medium-heavy rare earths, the price of terbium metal has been dragged down by the stalemate in market transactions, with some suppliers closing deals at low prices, but due to cost considerations, most suppliers have a general willingness to sell. Overall, market quotes are operating steadily, and trading activity is sluggish due to the impact of end-use demand. It is expected that in the short term, rare earth prices will operate steadily.

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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