Rare Earth Prices Rise Overall, Terbium and Holmium Prices Continue to Rise [SMM Rare Earth Daily Review]

Published: Jul 10, 2026 14:01

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[SMM Rare Earth Daily Review: Rare Earth Prices Rise Overall, Terbium and Holmium Prices Continue to Climb] Overall, Pr-Nd product prices were affected by the rise in futures prices, with suppliers' willingness to sell at low prices weakening and spot offers being slightly raised. Terbium and holmium market prices continued to climb, while dysprosium and gadolinium product prices remained relatively stable. It is expected that in the short term, driven by bullish market sentiment, Pr-Nd product prices may drift higher.

SMM, July 10: Rare earth market prices edged up slightly today. Specifically, in the oxide market, Pr-Nd oxide price rose by 3,500 yuan/mt, dysprosium oxide price remained flat, terbium oxide price rose by 75,000 yuan/mt, gadolinium oxide price remained flat, holmium oxide price rose by 17,500 yuan/mt, and erbium oxide price remained flat.

In the metal market, Pr-Nd alloy price rose by 5,000 yuan/mt, dysprosium-iron alloy price remained flat, terbium metal price rose by 85,000 yuan/mt, gadolinium-iron alloy price remained flat, holmium-iron alloy market price rose by 17,500 yuan/mt, and lanthanum-cerium metal (alloy grade) price remained flat.

Currently, rare earth market prices showed an overall upward trend. Focusing on the Pr-Nd market, driven by the rise in Pr-Nd oxide futures prices, low-priced cargo in the market gradually diminished, and suppliers raised their offers slightly accordingly, but overall trading activity was moderate. Although metal market prices rose in tandem due to raw material cost support, downstream magnetic material enterprises maintained a cautious purchasing stance, market inquiries were sluggish, and actual transaction volumes were not ideal.

In the medium-heavy rare earth market, terbium market prices continued to rise, mainly attributed to purchasing by major producers, which tightened the availability of low-priced cargo, while metal enterprises also raised their offers in tandem based on rising raw material costs. For holmium products, influenced by bullish market sentiment, suppliers showed low willingness to sell at low prices, and offers continued to climb.

Overall, Pr-Nd product prices saw suppliers' willingness to sell at low prices weaken and spot offers edge up, driven by the rise in futures prices; terbium and holmium market prices continued to climb, while dysprosium and gadolinium product prices remained relatively stable. In the short term, driven by bullish market sentiment, Pr-Nd product prices are expected 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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