[SMM Rare Earth Morning Brief] Ore Prices Track Gains in Oxides, Magnetic Material Market Sees Moderate Trading

Published: Jul 15, 2026 10:36

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[Ore Prices Follow Oxide Gains, Magnetic Material Market Sees Average Trading] Yesterday, Pr-Nd oxide market prices followed futures and pulled back slightly, but most suppliers held firm on quotes, and low-priced supply remained difficult to find. In the medium-heavy rare earth segment, dysprosium and terbium market prices continued to hold up well mainly, with some buyers making small purchases.

SMM, July 15:

Rare Earth Ore:

Price: Rare earth carbonate was priced at about 61,800 yuan/mt, monazite at about 44,000 yuan/mt, and medium-yttrium, europium-rich ore at about 255,000 yuan/mt.

Supply-demand: Currently, the overall circulation frequency of rare earth ore remained sluggish, with market trading stagnant, but the rise in oxide prices also led to an increase in the actual transaction prices of rare earth ore.

Rare Earth Oxides:

Price: Pr-Nd oxide prices pulled back slightly overall, while dysprosium oxide and terbium oxide prices remained relatively firm.

Supply-demand: Yesterday, the market price of Pr-Nd oxide pulled back slightly following futures, but most suppliers held offers firm, and low-priced cargoes remained hard to source; in the medium-heavy rare earth segment, dysprosium and terbium prices continued to hold up well, with some buyers making small-volume purchases.

Rare Earth Metals:

Price: Pr-Nd alloy prices pulled back, with weak market trading performance, while dysprosium-iron alloy held steady and terbium metal prices declined slightly.

Supply-demand: Yesterday, Pr-Nd alloy prices pulled back slightly. Influenced by sluggish inquiries, metal plants slightly lowered their offers, but downstream users focused on just-in-time procurement, resulting in poor actual trading. In the medium-heavy rare earth segment, terbium metal prices declined slightly due to a stalemate in actual trading, while dysprosium-iron alloy prices continued to hold steady.

NdFeB Blanks:

Price: NdFeB blank N38 (Ce) was reported at 220-230 yuan/kg, 38M blank at 263-273 yuan/kg, and 38UH blank at 365-385 yuan/kg.

Supply-demand: Yesterday, NdFeB blank offers temporarily stabilized, primarily because the stabilization of raw material prices kept NdFeB offers stable. In terms of trading, with the off-season onset, end-user and motor factory production pace gradually slowed down, just-in-time order releases were moderate, and large-scale restocking orders failed to be effectively released, resulting in average overall NdFeB market trading volume.

NdFeB Scrap:

Price: Prices of Pr-Nd recycled from NdFeB scrap remained stable, as did dysprosium recycled from NdFeB scrap and terbium recycled from NdFeB scrap.

Supply-demand: Yesterday, scrap market prices continued to hold steady. Affected by relatively small fluctuations in oxide offers, recycling enterprises did not make significant adjustments to their external purchase offers, still focusing on just-in-time procurement, while scrap suppliers adopted a wait-and-see attitude toward shipping, resulting in mediocre actual market transactions.

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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