Rare Earth Prices Stable, Terbium Price Raised Sharply with Variety Divergence [SMM Rare Earth Daily Review]

Published: Jul 9, 2026 14:03

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[SMM Rare Earth Daily Review: Rare earth prices stable; terbium price sharply raised, divergence among varieties] Overall, although trading activity in the market declined, supported by bullish sentiment, suppliers' quotations did not show significant fluctuations, and rare earth market prices remained generally stable. However, prices of terbium and holmium products were raised due to the tightening of low-priced supply. It is expected that in the short term, supported by bullish market sentiment, Pr-Nd product prices may drift higher amid consolidation.

SMM, July 9: Rare earth market prices were stable overall today. Specifically, in the oxide market, Pr-Nd oxide prices were flat, dysprosium oxide prices were flat, terbium oxide prices rose by 75,000 yuan/mt, gadolinium oxide prices were flat, holmium oxide prices rose by 7,500 yuan/mt, and erbium oxide prices were flat.

In the metal market, Pr-Nd alloy prices were flat, dysprosium-iron alloy prices were flat, terbium metal prices rose by 115,000 yuan/mt, gadolinium-iron alloy prices were flat, holmium-iron market prices rose by 6,000 yuan/mt, and lanthanum-cerium metal (alloy grade) prices were flat.

Currently, rare earth market prices maintained a stable trend. Focusing on the Pr-Nd market, recent inquiry activity declined, and the overall trading atmosphere was slightly sluggish. Against this backdrop, oxide suppliers' quotes edged down slightly from yesterday afternoon; however, due to persistent bullish sentiment, the decline was limited, keeping prices basically flat compared to yesterday morning. In the metal market, as oxide prices experienced relatively small fluctuations, metal suppliers' quotes also saw no notable adjustments, leaving overall prices stable. However, overall market inquiry activity decreased from yesterday, and downstream magnetic material enterprises adopted a wait-and-see attitude toward procurement.

In the medium-heavy rare earth market, low-priced supplies of terbium oxide were scarce, and suppliers' bullish sentiment ran high, leading to continued quote increases. Consequently, terbium metal procurement costs increased, and suppliers correspondingly raised terbium metal quotes. The holmium products market also faced tightening low-priced supplies, causing a slight price increase. In contrast, gadolinium and dysprosium product prices were relatively stable.

Overall, although market trading activity declined, supplier quotes did not show notable fluctuations, supported by bullish sentiment, and rare earth market prices remained broadly stable. However, terbium and holmium product prices edged up due to tightening low-priced supplies. In the near term, supported by bullish sentiment, Pr-Nd product prices are likely to drift higher.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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