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SMM News on July 17: Today, the prices in the rare earth market have risen significantly. Specifically, in the oxide market, the price of Pr-Nd oxide has risen to 475,000-480,000 yuan/mt, the price of dysprosium oxide has remained stable at 1.67-1.7 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 remained stable at 165,000-168,000 yuan/mt; the price of holmium oxide has remained stable at 525,000-528,000 yuan/mt, and the price of erbium oxide has continued to fluctuate between 323,000-325,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy has risen to 580,000-585,000 yuan/mt, the price of dysprosium-iron alloy has remained stable at 1.6-1.62 million yuan/mt, the quoted price of terbium metal has remained stable at 8.9-8.95 million yuan/mt, the price of gadolinium-iron alloy has remained stable at 159,000-161,000 yuan/mt, the market price of holmium-iron alloy has remained stable at 530,000-535,000 yuan/mt, and the price of lanthanum-cerium alloy has continued to remain stable between 17,000-19,000 yuan/mt.
Currently, the prices in the rare earth market have risen significantly, mainly concentrated in the light rare earth market. The results of today's competitive bidding sales by China Northern Rare Earth show that all alarm prices were fully transacted. As the bidding prices continue to rise, most industry participants are optimistic about downstream demand expectations, boosting market confidence and further driving up spot market quotes. Metal market prices have adjusted in line with the rise in oxide prices, with the market dominated by tentative inquiries and few actual transactions, and a strong wait-and-see sentiment prevailing. Meanwhile, as the traditional off-season approaches its end, there are expectations of improvement in end-use demand, and downstream magnetic material enterprises are gradually increasing their acceptance of high-priced metals, providing support for rare earth prices. Overall, the high enthusiasm for group auctions has boosted market confidence, and combined with the gradual improvement in end-use demand, it has provided demand support for prices, driving up market prices. It is expected that in the short term, rare earth prices may run slightly stronger and steadily, influenced by the boost in market confidence.
