Rare Earth Prices Slightly Raised, Market Trading Stagnant [SMM Rare Earth Daily Review]

Published: Jul 16, 2026 13:40
[SMM Rare Earth Daily Review: Rare Earth Prices Slightly Raised, Market Trading in Stalemate] Overall, Pr-Nd market prices were raised due to upstream's price-firming and reluctance to sell, but downstream magnetic material enterprises showed low enthusiasm for inquiries, resulting in actual market trading in a stalemate and intense tug-of-war between upstream and downstream. Holmium product prices continued to be raised, while dysprosium and gadolinium product prices operated steadily. In the short term, driven by upstream sentiment of holding prices firm and holding back from selling, Pr-Nd product prices may drift higher.

SMM July 16: Rare earth market prices edged up today. Specifically, in the oxide market, Pr-Nd oxide price rose by 6,000 yuan/mt, dysprosium oxide price stayed flat, terbium oxide price stayed flat, gadolinium oxide price stayed flat, holmium oxide price rose by 5,000 yuan/mt, and erbium oxide price rose by 10,000 yuan/mt.

In the metal market, Pr-Nd alloy price rose by 5,000 yuan/mt, dysprosium-iron alloy price held steady, terbium metal price fell by 50,000 yuan/mt, gadolinium-iron alloy price stayed flat, holmium-iron alloy price rose by 5,000 yuan/mt, and lanthanum-cerium metal (alloy grade) price stayed flat.

Currently, rare earth market prices show an overall upward trend. Focusing on the Pr-Nd market, the rise in Pr-Nd oxide futures prices reduced spot suppliers' willingness to sell at low prices, with sentiment to hold prices firm strengthening, while actual transactions fell into a stalemate. In the metal market, supported by higher Pr-Nd oxide costs, offers were raised accordingly. However, downstream magnetic material enterprises showed limited interest in inquiries, making high-priced Pr-Nd alloy transactions difficult, which capped the actual price gains, resulting in an intense tug-of-war between upstream and downstream.

In the medium-heavy rare earth market, holmium product prices rose as low-priced supply in the market decreased and suppliers raised their offers; terbium metal prices fell due to difficult transactions, with suppliers lowering their offers; dysprosium and gadolinium product prices remained relatively stable. Overall, Pr-Nd market prices were pushed higher by upstream holding prices firm and holding back from selling, but lackluster downstream inquiry interest and stagnant actual trading reflected a fierce tug-of-war between upstream and downstream; holmium product prices continued to rise, while dysprosium and gadolinium product prices moved steadily. In the short term, driven by upstream firm pricing and reluctance to sell, Pr-Nd product prices may drift higher in a consolidating trend.

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