Latest Update in the SMM Rare Earth Oxides Market

[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Remain Firm, Market Outlook Optimistic] Yesterday, the overall prices of mainstream rare earth oxides were relatively stable. Separation plants were not highly proactive in offering goods, oxide transaction prices remained firm, and most industry participants held an optimistic outlook for the market.

[Brazil's Caldeira Rare Earth Ore Resources Increase by 50%] According to Mining Journal, Meteoric Resources announced that the resource volume of the Caldeira ion-adsorption rare earth ore in Brazil has increased by 50%. Based on a total rare earth oxides (TREO) grade of 0.1%, the ore resources within the license area of the Caldeira project, specifically the Dona Maria and Cubin Virmelho North deposits, have risen to 1.1 billion mt, with an average TREO grade of 0.2413%.

[SMM Daily Review: Suppliers' Firm Offers, Market Transactions Gradually Becoming Active] Today, rare earth market prices remained strong. Pr-Nd oxide prices have risen to 444,000-446,000 yuan/mt, while dysprosium oxide stabilized at 1.7-1.71 million yuan/mt. Terbium oxide increased to 6.58-6.62 million yuan/mt.

[SMM Weekly Review: Oxide Prices Fluctuate Upward as Low-Priced Supply Tightens in the Market] Currently, lanthanum oxide prices remain stable at 4,200-4,600 yuan/mt, while cerium oxide prices continued to increase this week to 12,000-13,000 yuan/mt. Throughout the week, rare earth oxide prices fluctuated upward overall. Supported by procurement from leading manufacturers and firm quotations from separation plants, the purchasing activity of metal plants increased, leading to a tightening of low-priced supply in the market and an upward adjustment in the actual transaction prices of rare earth oxides. Yttrium oxide prices also continued to rise this week to 55,000-57,000 yuan/mt.

[SMM Rare Earth Morning Meeting Summary: Supplier Quotes Raised, Low-Priced Goods Hard to Find] Yesterday, driven by news of major factory procurement, Pr-Nd prices slightly increased, supplier quotes rose, and low-priced goods became hard to find; prices of dysprosium oxide and terbium oxide remained relatively stable.

[SMM Daily Review: Rare Earth Prices Fluctuated Slightly, Procurement Activities Remained Cautious] Today, rare earth market prices showed slight fluctuations. The price of Pr-Nd oxide rose to 443,000-446,000 yuan/mt, dysprosium oxide remained stable at 1.7-1.71 million yuan/mt, and terbium oxide increased to 6.55-6.6 million yuan/mt.

[SMM Monthly Analysis: Volume and Price Both Rose in February; Can Restocking Demand Driven by Depleted Inventory at Magnet Plants Sustain the Strength of Rare Earths?] With favorable policy expectations, tight supply on the raw material side, and anticipated growth in end-use demand driven by the rapid development of robotics and low-altitude economy, coupled with several metal plants operating at full capacity, the rare earth market in February saw a significant "rise in both volume and price." Specifically, Pr-Nd oxide rose 6.99%, dysprosium oxide rose 2.7%, and terbium oxide rose 9.01% in February. The production of Pr-Nd oxide, Pr-Nd alloy, dysprosium oxide, and terbium oxide all increased MoM in February. Entering March, the rare earth market is currently fluctuating rangebound.

[SMM Daily Review: Rare Earth Prices Stabilize, Market Activity Improves] Today, rare earth market prices remained stable overall. Specifically, the price of Pr-Nd oxide has risen to 442,000-446,000 yuan/mt. Meanwhile, the price of terbium oxide remained steady at 6.5-6.55 million yuan/mt.