Latest Update in the SMM Rare Earth Metals Market

[SMM Weekly Review of Recycled Rare Earths: Scrap Prices Rise, Market Inquiries Active] This week, the scrap market remained stable overall. At the beginning of the week, due to upstream oxide suppliers' reluctance to sell and refusal to budge on prices, the market prices of oxides increased, which in turn drove up scrap prices.

[SMM Rare Earth Weekly Review: Market Performance Remains Calm, Prices Run Relatively Stable] Recently, the rare earth market has been relatively calm, with downstream procurement activity significantly sluggish. The overall price fluctuation range of light rare earths has been relatively small during the week. The price trend of Pr-Nd oxide has also been relatively stable this week. As of Thursday this week, the average price of Pr-Nd oxide has only changed by approximately 500 yuan/mt compared to Monday. Prices of medium-heavy rare earth oxides, such as dysprosium oxide and terbium oxide, rose slightly at the beginning of the week driven by market speculation. However, as the market gradually returned to calm, their prices also dropped back slightly towards the end of the week.

[SMM: Rare Earth Prices May Fluctuate Upward Overall in 2025, with Pr-Nd Oxide Supply Expected to Remain Tight] Yang Jiawen, an analyst from the SMM Rare Earth Division, shared insights on the theme of "Interpretation and Outlook of China's Rare Earth Industry Data for 2024-2025". Taking the above factors into account, 2025, as the final year of the "14th Five-Year Plan", is expected to witness more rapid development in various downstream sectors of rare earths. Humanoid robots and aircraft are anticipated to become new growth points for downstream demand in rare earths. Rare earth mining quotas are also expected to continue increasing slightly to meet the growing downstream demand for rare earths. Guided by national policies, the domestic supply of rare earth raw materials will become more standardized and stable, and the supply-demand pattern of the entire rare earth industry will be more balanced. It is expected that rare earth prices will generally hold up well with a fluctuating upward trend in 2025.

[SMM Rare Earth Daily Review: Back-and-forth Negotiations between Upstream and Downstream at a Stalemate, Market Prices Remain Stable] Currently, rare earth market prices are basically stable, and the market performance is steady. Upstream suppliers offer firm quotes, with metal prices remaining stable due to support from raw material costs. However, downstream magnetic material enterprises have poor order situations and weak purchase willingness. The back-and-forth negotiations between upstream and downstream are at a stalemate, with overall trading conditions being average and the market sluggish.

[SMM Rare Earth Morning Meeting Summary: Sluggish Market Purchases, Prices Remain Relatively Stable] Yesterday, the overall rare earth oxide market remained relatively stable, with sluggish market transactions. Suppliers offered firm quotes, and back-and-forth negotiations between upstream and downstream were at a stalemate. The overall fluctuation range of actual transaction prices was relatively small. It is expected that rare earth prices will continue to remain relatively stable in the near future.

[Rare Earth Forum Live Stream | Outlook for Rare Earth Market, Development Opportunities in Wind Power, Humanoid Robots, and Other Industries, Latest Technology Sharing] ►Analysis of the Current Situation in the Rare Earth Industry ►In-situ Short-process Regeneration Technology and Application of Sintered NdFeB Magnetic Sludge ►Recent Developments in the Overseas Rare Earth Industry ►Research Progress in Hot-pressed and Hot-deformed Rare Earth Permanent Magnet Materials ►Interpretation of China's Rare Earth Industry Data and Market Outlook for 2024-2025 ►Outlook for the Latest Technology and Application Market of Cerium-containing Permanent Magnets ►Outlook and Technical Discussion on the EVTOL Propeller Motor Industry ►Trends and Industry Chain Analysis of the Humanoid Robot Industry ►Rare Earths & Wind Power: Contributing to Carbon Neutrality

[SMM Rare Earth Morning Meeting Summary: Sluggish Market Procurement, Prices Stabilizing] Yesterday, the overall price trend of rare earth oxides showed a slight pullback, with low enthusiasm for downstream procurement and relatively few actual transactions in the market. The price of Pr-Nd dropped back slightly, but the overall fluctuation range was relatively small.