Rare Earth Prices Continue to Fluctuate Downward as Magnet Material Plants Stockpile Less Before the Year-End [SMM Weekly Review]

SMM, December 20:

Rare Earth Ore:

During the week, rare earth ore prices continued to decline. It is understood that the current processing fee for standard rare earth ore is approximately 6,000 yuan/mt. As year-end approaches, suppliers showed low willingness to sell, and market sentiment turned more cautious.

Rare Earth Oxides:

This week, lanthanum oxide prices remained stable at 3,800-4,200 yuan/mt, while cerium oxide prices increased to 7,400-7,800 yuan/mt. However, prices of mainstream products such as Pr-Nd, dysprosium, and terbium continued to decline. With low-priced transactions for oxides being repeatedly recorded, suppliers' willingness to sell at lower prices decreased, and the rate of price decline for rare earth oxides may slow further. Yttrium oxide prices remained stable this week at 40,000-43,000 yuan/mt.

Rare Earth Metals:

In the metals segment, prices continued to decline alongside oxide prices. However, after Pr-Nd alloy prices fell below 490,000 yuan/mt, purchase willingness from magnetic material enterprises increased, significantly slowing the rate of price decline for Pr-Nd alloy.

Rare Earth Permanent Magnets:

Currently, due to insufficient orders, most magnetic material enterprises indicated plans to begin holiday shutdowns from the end of this month or mid-next month. SMM expects that this year's pre-holiday metal procurement volume will see a significant reduction compared to previous years.

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