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Today, rare earth market prices saw a slight increase. According to SMM data, Pr-Nd oxide prices rose to 410,000-414,000 yuan/mt, dysprosium oxide fell to 1.65-1.67 million yuan/mt, while terbium oxide increased to 5.80-5.84 million yuan/mt. Prices for gadolinium oxide and holmium oxide remained stable at 160,000-165,000 yuan/mt and 495,000-500,000 yuan/mt, respectively.
In the metals market, Pr-Nd alloy prices rose to 508,000-510,000 yuan/mt, dysprosium-iron alloy prices remained at 1.63-1.64 million yuan/mt, terbium metal stabilized at 7,250-7,300 yuan/kg, and gadolinium-iron prices held steady at 158,000-162,000 yuan/mt. Due to the impact of market news, Pr-Nd products saw a significant price drop last week, leading to a sluggish trading atmosphere and a strong wait-and-see sentiment. However, as market inquiries gradually increased, oxide prices rebounded, supplier quotes became firmer, and low-priced sources became scarce again.
Demand side, the downstream magnetic material market remained polarized. Leading large producers saw a surge in orders from the new energy and compressor sectors, resulting in busy production. However, small and medium-sized enterprises struggled with weak order growth, difficulty in acquiring new customers, low production enthusiasm, and a cautious outlook on the future market.Currently, the overall performance of the rare earth market is stable, with upstream suppliers maintaining firm quotations and market trading activity remaining low. The downstream magnetic materials market is experiencing slow order growth, and companies generally adopt a wait-and-see attitude, anticipating the stockpiling wave in December to support production be"Sfore Chinese New Year. It is expected that rare earth prices will likely maintain a stable and fluctuating trend in the short term."Source: Shanghai Metals Market"
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