Rare Earth Prices Surge: Pr-Nd Oxide and Alloy See Significant Increases Amid Market Sentiment Boost

Published: Apr 20, 2026 18:11

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[SMM Rare Earth Update] Driven by continued fundamentals and sentiment, as of 5:00 PM today, spot Pr-Nd oxide was quoted at 805,000-810,000 yuan/mt, up 5,000 yuan/mt from 11:00 AM, and spot Pr-Nd alloy was quoted at 980,000-985,000 yuan/mt, up 7,500 yuan/mt from the morning price. According to SMM, market inquiry activity recovered in the afternoon compared to the morning, and the trading center of Pr-Nd oxide shifted up to 805,000-810,000 yuan/mt. Pr-Nd alloy quotes were raised on raw material cost support, with the highest transaction price at 990,000 yuan/mt, but actual trading volume was low, with the mainstream transaction range at 980,000-985,000 yuan/mt.

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