[SMM Rare Earth Morning Meeting Summary] Logistics Suspension Tightens Supply, Market Transaction Price Rises Again

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SMM January 22 News:

Rare Earth Ore

Prices: Rare earth carbonate prices were approximately 33,400 yuan/mt, monazite prices were around 38,300 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices were about 177,500 yuan/mt.

Supply and Demand: Currently, as the year-end approaches, suppliers at the mining end are not actively willing to sell, and market trading remains sluggish.

Rare Earth Oxides

Prices: The mainstream quotation range for Pr-Nd oxide was 415,000-417,000 yuan/mt; the transaction range for dysprosium oxide was around 1.67-1.69 million yuan/mt, and terbium oxide quotations were approximately 5.92-5.96 million yuan/mt.

Supply and Demand: As the Chinese New Year approaches, logistics are gradually halting, and downstream buyers facing shortages have more urgent procurement needs. Suppliers are taking this opportunity to raise quotations. Although actual trading volumes in the market remain low, transaction prices have risen significantly.

Rare Earth Metals

Prices: The mainstream quotation for Pr-Nd alloy was approximately 508,000-515,000 yuan/mt, dysprosium-iron prices corresponding to oxide quotations were around 1.6-1.63 million yuan/mt, and terbium metal quotations were about 7.4-7.43 million yuan/mt.

Supply and Demand: Currently, metal factories are not actively offering goods, and most suppliers follow oxide prices for their quotations. As the Chinese New Year approaches, actual trading volumes in the market remain limited.

Magnetic Materials

Prices: NdFeB blank prices were as follows: NdFeB blank N38 (Ce) at 133-143 yuan/kg; NdFeB blank 40M at 179-189 yuan/kg; NdFeB blank 40H at 183-193 yuan/kg; NdFeB blank 45SH (Ce) at 233-253 yuan/kg.

Supply and Demand: Yesterday, Pr-Nd product prices rose slightly. However, as downstream magnetic material enterprises are expected to halt production and take holidays, market trading activity has significantly declined, and the overall atmosphere remains subdued. Most enterprises are adopting a wait-and-see attitude toward the market outlook for the coming year.

NdFeB Scrap

Prices: NdFeB scrap Pr-Nd prices were recorded at 431-436 yuan/kg; NdFeB scrap dysprosium prices were at 1,559-1,587 yuan/kg; NdFeB scrap terbium prices were at 5,087-5,123 yuan/kg.

Supply and Demand: Yesterday, the scrap market overall still exhibited a situation of prices without transactions. Most separation enterprises have suspended procurement quotations, with only a few market tail orders being delivered. Transactions were scarce, and many enterprises chose to wait and observe the market trends after the Chinese New Year.