June 18 news:
Rare Earth Ores:
Today, the rare earth carbonate price range was 58,100-58,300 yuan/mt, monazite prices slightly adjusted to 40,500-44,000 yuan/mt, and medium-yttrium, europium-rich ore prices were around 241,000-243,000 yuan/mt. Currently, rare earth ore market circulation remained unsatisfactory, with low procurement volumes at separation plants, leading to continued sluggish trading activity. Rare earth oxide prices held up well recently, and rare earth ore prices also edged up slightly this week.
Rare Earth Oxides:
Light rare earths: Lanthanum oxide prices showed no fluctuation this week, stabilizing at 5,200-5,800 yuan/mt. The cerium oxide market was also relatively stable, with prices holding steady at 15,000-15,500 yuan/mt during the week. Recently, affected by news of production cuts at scrap recycling enterprises, some industry participants expected Pr-Nd oxide supply to tighten. Suppliers raised their quotations, and low-cost supply quickly tightened. As of today, Pr-Nd oxide prices rose to 717,000-720,000 yuan/mt.
Medium-heavy rare earths: Dysprosium oxide prices rose rapidly due to speculative factors driven by news. This week, dysprosium oxide prices surged to a range of 1.41-1.43 million yuan/mt. Terbium oxide market quotations remained high this week, with low-priced supply difficult to find. However, metal plants indicated that downstream orders were insufficient to follow up. After quickly rising to 6.4-6.48 million yuan/mt, terbium oxide started to consolidate at highs. Gadolinium oxide prices also edged up slightly this week, but downstream metal plants saw poor transaction conditions and were cautious about purchasing high-priced gadolinium oxide. Gadolinium oxide prices rose slowly during the week. As of today, its price rose to 205,000-208,000 yuan/mt. Holmium oxide prices showed little fluctuation this week, remaining in a range of 555,000-565,000 yuan/mt. The recent inquiry activity for erbium oxide was relatively active, with suppliers continuously raising quotations. As of today, erbium oxide prices rose to within the range of 463,000-467,000 yuan/mt. Yttrium oxide market inquiry and procurement atmosphere remained sluggish, with 5N yttrium oxide prices holding steady at 53,000-56,000 yuan/mt this week.
Rare Earth Metals:
This week, cerium metal prices were in the doldrums, adjusted to 32,000-33,000 yuan/mt. Pr-Nd alloy prices showed an overall uptrend this week. As of today, they were adjusted to 870,000-880,000 yuan/mt. At the beginning of the week, driven by higher raw material prices and gradual actual transaction follow-through in the metal market, Pr-Nd alloy prices rose significantly. Mid-week, due to the rapid increase in Pr-Nd product prices and the approaching Dragon Boat Festival holiday, downstream inquiries became sluggish, leading to a slight correction in prices. However, metal enterprises showed weak willingness to sell at lower prices, limiting the actual decline. In the medium-heavy rare earth market, dysprosium-iron alloy closed at 1.37-1.39 million yuan/mt, with prices rising notably this week. This was mainly driven by a significant increase in raw material prices, coupled with gradual follow-up in downstream inquiries and purchases, prompting suppliers to continuously raise their quotations. However, as the holiday approached, market trading activity declined, and prices generally stabilized. Terbium metal prices were raised to 7.95-8 million yuan/mt this week. Market inquiry activity increased, and with raw material prices rising, suppliers' quotations were correspondingly raised. Although inquiry activity decreased as the holiday approached, metal enterprises showed little willingness to lower prices for shipments due to raw material cost support, and prices remained firm and stable overall. Gadolinium-iron alloy prices were overall raised this week, mainly driven by an increase in oxide prices, coupled with higher Pr-Nd product prices. Suppliers raised their quotations to 195,000-205,000 yuan/mt. However, as downstream magnetic material enterprises were cautious in procurement, with limited acceptance of high-priced gadolinium-iron alloy, prices experienced a slight correction toward the weekend.
Rare Earth Permanent Magnets:
Currently, NdFeB blank N38 (Ce) closed at 218-228 yuan/kg; NdFeB blank 40M closed at 264-274 yuan/kg; NdFeB blank 40H closed at 268-278 yuan/kg; NdFeB blank 45SH (Ce) closed at 318-338 yuan/kg. This week, NdFeB prices surged significantly, with the core reason being the rise in raw material prices driving up magnetic material quotations. In terms of transactions, the willingness to restock among motor manufacturers and end-users was low, with only just-in-time procurement maintained. Large-volume stockpiling was difficult to advance in the short term, leading to moderate market trading volumes.
Rare Earth Scrap:
This week, NdFeB scrap Pr-Nd prices closed at 740-750 yuan/kg; NdFeB scrap dysprosium prices closed at 1,230-1,250 yuan/kg; NdFeB scrap terbium prices closed at 5,600-5,800 yuan/kg.
This week, the scrap market generally showed an uptrend. At the beginning of the week, driven by the recovery and rise in Pr-Nd oxide prices, recycling enterprises successively raised their scrap procurement quotations, and scrap Pr-Nd prices edged up slightly. The willingness of tax-inclusive scrap suppliers to sell improved. As Pr-Nd oxide prices surged sharply, scrap market prices continued to rise, with recycling enterprises adjusting their procurement quotations accordingly. Market trading atmosphere warmed somewhat. However, the problem of loss-making scrap procurement costs still persists, and small and medium-sized recycling enterprises remain relatively cautious in procurement, with the tug-of-war between upstream and downstream continuing.
