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Intense Back-and-Forth Negotiations Between Upstream and Downstream, Rare Earth Prices Remain Stable [SMM Daily Review]

  • Dec 30, 2024, at 3:55 pm
[SMM Daily Review: Intense Back-and-Forth Negotiations Between Upstream and Downstream, Rare Earth Prices Remain Stable] Today, rare earth market prices remained generally stable. According to SMM data, Pr-Nd oxide was quoted at 396,000-400,000 yuan/mt, while dysprosium oxide and terbium oxide fluctuated between 1.59-1.61 million yuan/mt and 5.57-5.59 million yuan/mt, respectively.

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SMM, December 30: Today, rare earth market prices remained generally stable. According to SMM data, Pr-Nd oxide was quoted between 396,000 and 400,000 yuan/mt, while dysprosium oxide and terbium oxide fluctuated between 1.59 million and 1.61 million yuan/mt and 5.57 million and 5.59 million yuan/mt, respectively. Meanwhile, gadolinium oxide and holmium oxide prices remained at 148,000 to 150,000 yuan/mt and 400,000 to 404,000 yuan/mt, respectively.

In the metal market, Pr-Nd alloy prices stabilized at 490,000 to 492,000 yuan/mt, dysprosium-iron alloy prices remained at 1.56 million to 1.57 million yuan/mt, terbium metal prices fluctuated between 6.95 million and 7 million yuan/mt, and gadolinium-iron prices stayed at 146,000 to 149,000 yuan/mt. Currently, the rare earth market is relatively quiet. Upstream suppliers are reluctant to lower their quotes, maintaining a firm stance, while downstream markets, due to weak demand, find it difficult to accept high-priced raw materials, leading to intense negotiations between sellers and buyers. It is expected that Pr-Nd product prices may remain stable or show a slightly weaker trend in the short term, while with the resumption of Myanmar ore imports, medium-heavy rare earth prices may also exhibit a weaker trend.

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