December 4 news:
Rare Earth Ore:
Today, the price range for rare earth carbonate was 47,300-47,800 yuan/mt, monazite prices adjusted to 53,400-55,000 yuan/mt, and medium-yttrium, europium-rich ore prices were around 212,000-214,000 yuan/mt. Recently, the operating rate of separation enterprises dropped back significantly, making it more difficult to sell rare earth ore products, and market trading became increasingly sluggish.
Rare Earth Oxides:
Recently, lanthanum oxide prices showed no significant fluctuations, with lanthanum oxide prices holding steady at 4,300-4,700 yuan/mt, while cerium oxide prices dropped back slightly this week, adjusting to 11,000-12,000 yuan/mt. However, most industry participants believe cerium oxide prices will fluctuate slightly within the current range, with no significant decline expected. Pr-Nd oxide prices rose first and then fell this week. Due to environmental assessments and quota restrictions, some separation plants suspended production in December, which will lead to a significant tightening in Pr-Nd oxide supply. Against the backdrop of an already tight Pr-Nd oxide supply-demand balance, suppliers' confidence in the future market strengthened, and Pr-Nd oxide offers quickly rose to 600,000 yuan/mt. However, considering insufficient downstream follow-through and difficulty in concluding high-priced transactions, Pr-Nd oxide prices pulled back slightly to 585,000-590,000 yuan/mt. This week, dysprosium oxide prices declined further. Although dysprosium oxide market supply also decreased WoW to some extent, the oversupply situation has not improved, and coupled with persistently weak downstream demand, dysprosium oxide prices were adjusted down WoW to 1.42-1.43 million yuan/mt. The terbium oxide market trading atmosphere remained sluggish, with some suppliers actively lowering offers, but downstream order-taking continued to be poor. As of now, its offers were adjusted down to 6.4-6.43 million yuan/mt. Holmium oxide market prices also continued in the doldrums, but the fluctuation range this week was relatively small; today, its prices adjusted to the range of 488,000-498,000 yuan/mt. Erbium oxide prices remained stable, staying within the range of 346,000-352,000 yuan/mt this week. Yttrium oxide prices also held steady this week at 45,000-47,000 yuan/mt, with little change in the market.
Rare Earth Metals:
This week, Pr-Nd alloy prices rose first and then fell, but showed a significant increase WoW. As of now, Pr-Nd alloy prices have risen to 710,000-720,000 yuan/mt. At the beginning of the week, influenced by news of some separation plants suspending production, Pr-Nd oxide supply is expected to decrease significantly, boosting market bullish sentiment. Suppliers' willingness to sell at low prices weakened, leading to a rapid rise in Pr-Nd alloy offers. However, due to the rapid price increase, downstream magnetic material enterprises had limited acceptance of high-priced metal, resulting in poor trading performance for Pr-Nd alloy this week. As a result, some suppliers showed fear of high prices and took the initiative to reduce prices and sell, leading to a pullback in Pr-Nd alloy prices. However, supported by the cost of Pr-Nd oxide, metal enterprises' offers remained relatively firm, with limited actual declines. In the medium-heavy rare earth market, terbium metal closed at 7.98-8 million yuan/mt, while dysprosium-iron alloy closed at 1.4-1.41 million yuan/mt. This week, downstream procurement demand remained weak, market inquiries did not improve, prices continued in the doldrums, and market trading sentiment was sluggish.
Rare Earth Permanent Magnets
Currently, NdFeB blank N38 (Ce) closed at 203-213 yuan/kg; NdFeB blank 40M closed at 249-259 yuan/kg; NdFeB blank 40H closed at 253-263 yuan/kg; NdFeB blank 45SH (Ce) closed at 303-323 yuan/kg.
Prices, WoW, NdFeB prices showed a clear upward trend, mainly driven by the rapid rise in prices of Pr-Nd oxide and metal, which pushed up magnetic material quotes quickly. Trading-wise, market activity was moderate this week. Due to the overly rapid increase in raw material prices, domestic end-users generally adopted a wait-and-see attitude, refraining from placing orders easily, intending to restock after prices stabilize. Meanwhile, approaching year-end, stockpiling by most end-users had largely ended, with no significant increase in rigid demand. Coupled with the overseas Christmas month, overall operating rates were not high, leading to slow release of demand and moderate trading activity in the NdFeB market.
Rare Earth Scrap:
This week, Pr-Nd recycled from NdFeB scrap closed at 605-615 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,460-1,480 yuan/kg; terbium recycled from NdFeB scrap closed at 5,300-5,500 yuan/kg.
This week, prices of scrap Pr-Nd increased significantly, mainly affected by news of some separation enterprises suspending production, which would lead to a noticeable reduction in Pr-Nd oxide supply. Recycling enterprises proactively raised scrap offers and actively purchased scrap. However, due to the rapid price increase, trading in the oxide market performed poorly, and recycling enterprises began to control scrap procurement volume, lowering scrap Pr-Nd offers. Suppliers' willingness to sell strengthened, and market circulation volume increased noticeably WoW, with overall trading activity in the scrap market. Overall, due to tightening Pr-Nd oxide supply, recycling enterprises' willingness to purchase scrap strengthened, and procurement offers rose significantly.
