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SMM News on June 9: Today, the rare earth market prices remained stable. Specifically, in the oxide market, the price of Pr-Nd oxide fell to 447,000-449,000 yuan/mt, the price of dysprosium oxide rose slightly to 1.64-1.66 million yuan/mt, the price of terbium oxide increased to 7.2-7.25 million yuan/mt, and the price of gadolinium oxide remained stable at 164,000-167,000 yuan/mt. The price of holmium oxide remained stable at 515,000-520,000 yuan/mt, and the price of erbium oxide continued to fluctuate between 300,000-305,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy remained stable at 548,000-550,000 yuan/mt today, the price of dysprosium-iron alloy rose to 1.59-1.61 million yuan/mt, the quoted price of terbium metal increased to 8.9-9 million yuan/mt, the price of gadolinium-iron alloy remained stable at 160,000-162,000 yuan/mt, the market price of holmium-iron alloy remained stable at 524,000-528,000 yuan/mt, and the price of lanthanum-cerium metal continued to remain stable at 17,000-19,000 yuan/mt.
Currently, the rare earth market is performing steadily, with prices remaining stable. Affected by end-use demand, orders from magnetic material enterprises have not significantly improved, and transactions of high-priced metals are restricted, leading to a stalemate in market trading, with no news of high-priced metal transactions. The prices in the light rare earth market have slightly declined, with moderate inquiry activity. The actual transaction situation remains to be confirmed, and there is a strong wait-and-see sentiment in the market. Overall, due to the lack of support from end-use demand, downstream magnetic material enterprises find it difficult to accept high-priced raw materials, leading to a stalemate in market trading. It is expected that in the short term, rare earth prices will jump initially and then pull back.
(Source)