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SMM News on July 4: Today, rare earth market prices have risen significantly. Specifically, in the oxide market, the price of Pr-Nd oxide has increased to 445,000-447,000 yuan/mt, dysprosium oxide to 1.63-1.65 million yuan/mt, terbium oxide to 7.1-7.14 million yuan/mt, and gadolinium oxide has remained stable at 163,000-165,000 yuan/mt. Holmium oxide prices have stabilized at 520,000-525,000 yuan/mt, and erbium oxide prices continue to fluctuate between 304,000-308,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy has increased to 545,000-550,000 yuan/mt, dysprosium-iron alloy to 1.58-1.6 million yuan/mt, terbium metal quotes to 8.8-8.85 million yuan/mt, gadolinium-iron alloy to 156,000-157,000 yuan/mt, holmium-iron alloy market prices to 525,000-530,000 yuan/mt, and lanthanum-cerium alloy prices have remained stable at 17,000-19,000 yuan/mt.
Currently, rare earth market prices have risen significantly, mainly due to the bullish sentiment driven by procurement from major manufacturers. Low-priced oxide supplies in the market have tightened rapidly, and suppliers have raised their quotes. Affected by this, the oxide price increases have been transmitted to the metal market, with metal enterprises raising their quotes to follow the oxide price increases. However, due to this price increase being driven by procurement from major manufacturers, downstream magnetic material enterprises have not seen an increase in orders, and their demand for metal procurement has not increased either, resulting in active inquiries but no actual transactions in the metal market. Overall, influenced by the significant market price increase, inquiry activity has increased, but the supply-demand pattern has not changed, remaining in a weak supply and demand situation, resulting in fewer actual transactions. It is expected that in the short term, driven by market sentiment, rare earth prices will continue to hold up well.
