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SMM, March 19: The rare earth market remained stable overall today, with prices continuing to hold steady. In the oxide market, Pr-Nd oxide prices slightly declined to 444,000-445,000 yuan/mt, while dysprosium oxide remained stable at 1.68-1.7 million yuan/mt. Terbium oxide prices dropped to 6.56-6.6 million yuan/mt, gadolinium oxide prices fell to 167,000-170,000 yuan/mt, holmium oxide hovered at 466,000-470,000 yuan/mt, and erbium oxide prices slightly decreased to 293,000-297,000 yuan/mt.
In the metal market, Pr-Nd alloy prices remained firm at 543,000-547,000 yuan/mt, and dysprosium-iron alloy prices stayed at 1.63-1.65 million yuan/mt. Terbium metal was quoted steadily at 8.1-8.15 million yuan/mt, while gadolinium-iron prices dropped to 164,000-166,000 yuan/mt. Lanthanum-cerium metal prices remained stable at 16,500-19,000 yuan/mt. Currently, supply is tight, and suppliers are quoting firmly, while downstream demand growth is limited. Magnetic material enterprises have seen slower-than-expected order growth, leading to cautious procurement attitudes and a strong market sentiment of wait-and-see. Due to intense back-and-forth negotiations between upstream and downstream, rare earth prices are expected to show slight fluctuations in the short term.
