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SMM News on July 8: Today, the prices in the rare earth market have risen significantly. Specifically, in the oxide market, the price of Pr-Nd oxide has increased to 453,000-455,000 yuan/mt, the price of dysprosium oxide has risen to 1.65-1.67 million yuan/mt, the price of terbium oxide has remained stable at 7.16-7.2 million yuan/mt, and the price of gadolinium oxide has increased to 164,000-166,000 yuan/mt. The price of holmium oxide has remained stable at 525,000-530,000 yuan/mt, and the price of erbium oxide has continued to fluctuate between 308,000-314,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy has increased to 553,000-558,000 yuan/mt, the price of dysprosium-iron alloy has remained stable at 1.59-1.61 million yuan/mt, the quoted price of terbium metal has remained stable at 8.85-8.9 million yuan/mt, the price of gadolinium-iron alloy has increased to 159,000-161,000 yuan/mt, the market price of holmium-iron alloy has remained stable at 525,000-530,000 yuan/mt, and the price of lanthanum-cerium alloy has continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the prices in the rare earth market are showing a slight upward trend, but today's increase has slowed down. This is mainly reflected in the weakened increase in the medium-heavy rare earth market. Affected by export controls, the demand for medium-heavy rare earths from downstream magnetic material enterprises has been relatively stable, with most enterprises focusing their procurement efforts on light rare earths, resulting in generally weak actual transactions in the medium-heavy rare earth market. Additionally, the procurement speed of large factories for medium-heavy rare earth oxides has slowed down, and the overall market demand is weak, leading to a slowdown in price increases.
The light rare earth market, on the other hand, is relatively active, benefiting from the concentrated tender effect of large magnetic material enterprises, with active market transactions. Supported by the cost of oxides, the transaction range of Pr-Nd alloy has increased, prompting metal enterprises to increase their procurement of Pr-Nd oxide, thereby rapidly reducing the low-priced supply in the market and driving the continuous increase in the price of Pr-Nd oxide.
In summary, the medium-heavy rare earth market has seen a slowdown in price increases due to weak demand, while the light rare earth market has seen a continuous increase in prices due to increased demand from magnetic material enterprises' concentrated procurement. It is expected that in the short term, rare earth prices will continue to maintain a strong upward trend.
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