Good news drove rare earth prices to rise rapidly

SHANGHAI, Apr 25 (SMM) - Today, rare earth prices rose rapidly. According to SMM, mainstream transaction price in the PrNd oxide market rose to 396,000-400,000 yuan/ton. The price of dysprosium oxide increased to 2020-2040 yuan/kg. The price of terbium oxide also increased to 6420-6480 yuan/kg. The price of gadolinium oxide was raised to 186,000-190,000 yuan/ton, and the price of holmium oxide rose to 500,000-510,000 yuan/ton.

The mainstream transaction prices of PrNd alloy rose to 490,000-495,000 yuan/mt. According to SMM's research, some large manufacturers have recently launched tenders for PrNd alloy. In addition, the war in Myanmar may affect the subsequent supply of rare earth mines. Most industry players have positive expectations for the subsequent trend of rare earth prices. With the favorable news, rare earth sellers have stronger confidence in the future market and their quotations have increased significantly. The low-priced raw materials in the market have tightened rapidly and the actual transaction prices have also risen.