Logistics Halt as Chinese New Year Approaches, Rare Earth Market Trading Remains Sluggish [SMM Daily Review]

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SMM January 22 News: The rare earth market remained generally stable today. According to SMM data, the price of Pr-Nd oxide rose to 413,000 to 417,000 yuan/mt, while dysprosium oxide remained at 1.66 million to 1.67 million yuan/mt. The price of terbium oxide stayed at 5.92 million to 5.96 million yuan/mt, and gadolinium oxide stabilized at 155,000 to 160,000 yuan/mt. Meanwhile, holmium oxide prices held firm at 440,000 to 445,000 yuan/mt, and erbium oxide continued to fluctuate between 285,000 and 295,000 yuan/mt.

In the metals sector, the price of Pr-Nd alloy rose to 508,000 to 514,000 yuan/mt; dysprosium-iron alloy prices remained stable at 1.62 million to 1.64 million yuan/mt, and terbium metal held steady at 7.37 million to 7.45 million yuan/mt. Gadolinium-iron alloy prices stayed at 154,000 to 157,000 yuan/mt, while lanthanum-cerium metal prices were at 17,000 to 19,000 yuan/mt. As the Chinese New Year approaches, logistics services are gradually halting, and downstream procurement demand has become more urgent. Suppliers have taken the opportunity to raise their quotes. Although actual market transaction volumes are low, transaction prices have risen significantly. Downstream magnetic material enterprises are preparing for pre-holiday shutdowns, leading to reduced trading activity and a subdued market atmosphere. Most enterprises remain cautious about the market outlook for the coming year.