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Market Sentiment Remains Cautious, Rare Earth Prices Continue to Decline [SMM Rare Earth Daily Review]

  • Apr 23, 2025, at 6:31 am
SMM Rare Earth Daily Review: Market Sentiment Remains Cautious as Rare Earth Prices Continue to Decline. Today, rare earth market prices showed a slight downward trend. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 411,000-412,000 yuan per mt, dysprosium oxide dropped to 1.61-1.62 million yuan per mt, and terbium oxide fell to 6.62-6.7 million yuan per mt.

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SMM, April 23: Today, the rare earth market prices showed a slight downward trend. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 411,000 to 412,000 yuan per mt, dysprosium oxide decreased to 1.61 to 1.62 million yuan per mt, terbium oxide dropped to 6.62 to 6.7 million yuan per mt, and gadolinium oxide decreased to 162,000 to 164,000 yuan per mt. Meanwhile, holmium oxide rose to 490,000 to 495,000 yuan per mt, and erbium oxide fluctuated between 298,000 and 303,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy decreased to 507,000 to 509,000 yuan per mt, dysprosium-iron alloy decreased to 1.61 to 1.62 million yuan per mt, terbium metal dropped to 8.45 to 8.55 million yuan per mt, gadolinium-iron alloy decreased to 159,000 to 161,000 yuan per mt, holmium-iron alloy rose to 495,000 to 505,000 yuan per mt, and lanthanum-cerium alloy fluctuated between 17,000 and 22,000 yuan per mt.

Currently, due to traders selling off to cash in yesterday, the terbium market prices continued to decline. Based on the market psychology of rushing to buy amid continuous price rise and holding back amid price downturn, market sentiment is cautious, with fewer transactions. Most magnetic material manufacturers adopted a strategy of purchasing based on demand. Due to restricted export trade, the business demand from downstream magnetic material manufacturers has correspondingly decreased, leading to a decline in metal procurement intensity. As a result, the rare earth market prices showed a slight downward trend. It is expected that in the short term, the rare earth market prices will continue to show a slight downward trend.

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