Latest Update in the SMM Concentrate Market

【SMM Analysis: Rare Earth Permanent Magnets Production Up 14.7% YoY in March, Market Outlook Cautiously Optimistic】In March 2025, the domestic NdFeB permanent magnet materials industry experienced steady growth, with production up approximately 14.7% YoY. According to the latest SMM survey data, although the current order intake of magnetic material enterprises has not yet met industry expectations, it has shown positive improvement compared to the same period last year.

[SMM Analysis: Rare Earth Prices Fluctuate Rangebound in March, What Is the Expected Trend in April?] On March 26, the Kachin State government announced that the legally mined and long-stored rare earth in the eastern province mining area will officially be released starting from March 27, 2025. Previously, the control of the mining area by the Kachin Independence Army in Myanmar led to a halt in rare earth mining and border closures, severely impacting the supply of medium-heavy rare earth. The Kachin State government's legal release of the stored rare earth is expected to alleviate the tight supply situation in the market in the short term.

[SMM Review: What Impact Will the Resumption of Myanmar Ore Imports Have on the Rare Earth Market?] On March 26, the Kachin State government announced that the legally mined and long-stored rare earth in the eastern province mining area would officially be exported starting from March 27, 2025. Previously, the control of the mining area by the Kachin Independence Army had led to a halt in rare earth mining and border closures, severely affecting the supply of medium-heavy rare earth. The Kachin State government's legal release of the stored rare earth may alleviate the tight supply situation in the market in the short term.

SMM Commentary: Breaking News! A 7.9-Magnitude Earthquake Strikes Myanmar, Will Rare Earth Imports Be Affected? On the afternoon of March 28, specifically at 14:20, a powerful earthquake measuring 7.9 on the Richter scale suddenly occurred in Myanmar (located at 21.85 degrees north latitude and 95.95 degrees east longitude). According to reports from relevant departments, the earthquake's epicenter depth reached 30 kilometers, demonstrating its immense force.

【March 28 SMM China Rare Earth Market Daily】Today, rare earth prices remained generally strong. Influenced by news factors, most industry participants increased their wait-and-see sentiment, and some traders took the opportunity to speculate on rare earth prices, leading to a certain degree of increase in rare earth futures prices. However, it is understood that the current fundamentals of rare earths have not changed significantly, and it is expected that spot market prices for rare earths may remain relatively stable before the release of indicators.

47 Strategic Raw Material Projects Just Announced! EU Official Takes Action: First, Gallium... After the EU unveiled a highly anticipated list of 47 strategic raw material projects this week, a senior EU official overseeing the strategy visited a strategic metal base in central Greece on Thursday. It is reported that Stéphane Séjourné, Executive Vice President of the European Commission responsible for industrial strategy, visited an aluminum plant that is expected to start gallium extraction operations that day. (Cailian Press)

SMM Rare Earth Morning Meeting Summary: Market Sentiment Heavily Watchful, Rare Earth Prices Stabilize. Currently, with relatively small fluctuations in raw material prices, metal plants have maintained relatively stable metal quotations. However, it is understood that downstream magnetic material enterprises are experiencing poor order situations, leading to relatively subdued metal demand under these circumstances.

SMM China Rare Earth Market Daily Report on March 27: Today, driven by the procurement of top-tier enterprises, the prices of rare earth oxides slightly rebounded. In this context, the inquiry atmosphere in the downstream market became more active. Some industry participants believe that even if imported ore resumes, it is necessary to wait for the issuance of indicators to judge the supply situation of oxides. Most industry participants expect that there will be no significant volatility in rare earth prices in the near future.