Prices of rare earths remained weak

Prices of rare earths remained weak on Feb 28. According to SMM, mainstream transaction price in the PrNd oxide market was reduced to 372,000-374,000 yuan/ton. The price of dysprosium oxide has also been slightly reduced to 1840-1870 yuan/kg. Price of terbium oxide was temporarily stable at 5400-5500 yuan/kg. The price of gadolinium oxide continued to be stable at 164,000-168,000 yuan/ton, and the price of holmium oxide was also stable at 395,000-405,000 yuan/ton.

The mainstream prices of PrNd alloy were slightly lowered to 458,000-462,000 yuan/ton. According to SMM research, the current rare earth market is relatively pessimistic, sellers have lowered their quotations, and the actual transaction price of rare earth oxide prices continues to decline. The wait-and-see mood of metal plants has intensified, and raw material replenishment has been delayed. The order situation of magnetic material companies has not improved significantly, and rare earth prices are expected to continue to be weak in the short term.