Pr-Nd Prices Continue to Rise, Downstream Wait-and-See Sentiment Strong [SMM Rare Earth Weekly Review]

November 20 news:

Rare Earth Ore:

Today, the price range for rare earth carbonate was 44,700-45,100 yuan/mt, monazite prices adjusted to 51,000-52,200 yuan/mt, and medium-yttrium, europium-rich ore prices were around 208,000-209,000 yuan/mt. Currently, rare earth raw material prices saw a slight market-driven increase, with light rare earth ore prices holding up well overall. However, the ion-adsorption ore market remained relatively sluggish. With separation plants operating at low rates, ion-adsorption ore was difficult to sell, and buyers were aggressively driving down prices.

Rare Earth Oxides:

Recently, lanthanum oxide and cerium oxide prices showed no significant fluctuations. Lanthanum oxide prices held steady at 4,300-4,700 yuan/mt, while cerium oxide prices also remained stable this week at 11,200-12,000 yuan/mt. Currently, lanthanum and cerium prices were generally stable, but some industry participants believed cerium oxide still had upside potential in the future. Pr-Nd oxide prices showed a recovery trend this week. Influenced by news factors, downstream purchase willingness improved. According to feedback from separation enterprises, as Pr-Nd oxide prices fell to relatively low levels, inquiries and procurement volume from alloy plants increased significantly WoW. Suppliers took the opportunity to raise offers, and low-priced supplies tightened quickly. As of today, Pr-Nd oxide prices rose to 553,000-557,000 yuan/mt. This week, dysprosium oxide offers were relatively stable overall. With persistently sluggish market trading, dysprosium oxide prices remained steady in the range of 1.49-1.53 million yuan/mt. The terbium oxide market also stopped declining further. Although market inquiries remained sluggish, supplier offers held firm. As of now, offers stabilized at 650,000-6.6 million yuan/mt. Holmium oxide market prices also held steady this week, remaining in the range of 495,000-500,000 yuan/mt today. Influenced by news factors, erbium oxide saw increased inquiry activity in the market. Suppliers quickly raised offers, pushing prices up to the range of 346,000-352,000 yuan/mt this week. Yttrium oxide prices remained stable this week at 45,000-47,000 yuan/mt, with little market change.

Rare Earth Metals:

This week, Pr-Nd alloy prices continued to rise. As of now, Pr-Nd alloy increased to 675,000-680,000 yuan/mt. Early in the week, due to sluggish market inquiries, some metal enterprises actively sold at lower prices, causing a slight price decline. However, as oxide market prices continued to rise influenced by news factors, Pr-Nd alloy prices also increased due to higher costs. However, downstream orders could not support high-priced metal, making high-priced Pr-Nd alloy transactions difficult. Market transactions mostly centered around lower prices, with magnetic material enterprises adopting a cautious purchasing attitude, mainly purchasing as needed. Medium-heavy rare earth market, terbium metal closed at 8.15-8.2 million yuan/mt, dysprosium-iron alloy closed at 1.47-1.49 million yuan/mt. This week, inquiries in the medium-heavy rare earth market remained sluggish. Due to weak downstream demand, actual market transactions were scarce. Although metal enterprises' offers did not show significant fluctuations, market prices remained at low levels.

Rare earth permanent magnets

Currently, NdFeB blank N38 (Ce) closed at 193-203 yuan/kg; NdFeB blank 40M price closed at 239-249 yuan/kg; NdFeB blank 40H price closed at 243-253 yuan/kg; NdFeB blank 45SH (ce) price closed at 293-313 yuan/kg.

This week, NdFeB prices increased slightly, while trading activity was moderate. The rise in offers for key raw materials praseodymium-neodymium oxide and metal provided cost support for the increase in NdFeB prices, directly boosting the upward adjustment of NdFeB prices. In terms of transactions, rigid purchasing demand from domestic motor and end-users had already concluded this week, and domestic trading volume showed a trend of being generally stable with a slight fall. Simultaneously, coupled with overseas customers entering the industrial stockpiling off-season, overall trading activity in the NdFeB market significantly decreased.

Rare earth scrap:

This week, Pr-Nd recycled from NdFeB scrap closed at 580-590 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,500-1,520 yuan/kg; terbium recycled from NdFeB scrap closed at 5,300-5,500 yuan/kg.

This week, scrap prices saw a slight increase, mainly influenced by the continuous rise in oxide market prices and reduced willingness to sell among scrap suppliers, forcing recycling enterprises to raise scrap purchase prices to ensure normal procurement. At the beginning of the week, scrap market prices were relatively stable, recycling enterprises purchased scrap as needed, market trading operated normally, and scrap market circulation tended to stabilize. However, influenced by news factors and improved trading in the oxide market, oxide prices continued to rise, leading to renewed bullish sentiment among scrap suppliers and a reduced willingness to sell. This decreased scrap circulation in the market, making procurement more difficult for recycling enterprises, who had to raise offers. Nevertheless, some recycling enterprises lacked confidence in the future market and were unwilling to chase higher prices, resulting in relatively low scrap offers.