Latest Update in the SMM Rare Earth Oxides Market

SMM Analysis: MP Materials Halts Rare Earth Concentrate Exports to China, Pr-Nd Prices Begin to Stabilize. The rare earth market was generally in the doldrums this week, with Pr-Nd prices declining at a relatively faster pace. The price of Pr-Nd oxide fell by nearly 3% during the week. However, due to more active acquisitions of dysprosium and terbium products by top-tier enterprises, the pullback in medium-heavy rare earths was relatively slower.

【April 18 SMM China Rare Earth Market Daily】Today, due to the release of new ore supply information, some suppliers quoted Pr-Nd oxide prices more firmly, with low-priced sources tightening, and Pr-Nd oxide prices slightly rebounded. However, as demand has not shown substantial growth, its price is not expected to see a significant increase. The terbium oxide market saw quiet inquiries, and its price further pulled back.

SMM Rare Earth Daily Review: Market Sentiment Remains Cautious as Rare Earth Prices Continue to Decline. Today, rare earth market prices showed a downward trend. Specifically, in the oxide market, Pr-Nd oxide prices dropped to 415,000-417,000 yuan per mt, dysprosium oxide prices decreased to 1.64-1.65 million yuan per mt, and terbium oxide prices fell to 7.14-7.18 million yuan per mt.

SMM Rare Earth Morning Meeting Summary: Rare Earth Prices in the Doldrums, Downstream Demand Weak. Yesterday, the prices of rare earth oxides were generally in the doldrums. With weak downstream demand, the activity of inquiries from buyers was also relatively low. Most industry players had unstable confidence in the future market, and some suppliers' willingness to sell at low prices increased.

【SMM Analysis: Downstream Demand Diverges, Medium-Heavy Rare Earth Prices May Continue to Fluctuate at Highs】Current downstream demand shows divergence: on one hand, long-term demand from NEVs and wind power supports the strategic position of rare earths, while robotics and the low-altitude economy may become new growth points for downstream rare earth demand; on the other hand, magnetic material factories, facing high cost pressure, choose to "tighten their wallets," resulting in post-holiday order growth falling short of expectations and leading to more cautious raw material purchases by downstream players.

【SMM Weekly Review of Rare Earths: Policy Guidance Leads to Reduced Procurement Demand in Downstream Sectors】Currently, the price of lanthanum oxide remains stable at 4,200-4,600 yuan/mt, while the price of cerium oxide experienced a slight correction this week, dropping back slightly to 11,600-13,000 yuan/mt. Earlier this week, the price of cerium oxide remained relatively high, but recent poor downstream procurement led to a slight pullback. Due to weak downstream demand, the price of Pr-Nd oxide continued to decline this week. Meanwhile, dysprosium oxide and terbium oxide faced new purchase news, and their prices remained high and difficult to decrease this week. It is expected that the prices of dysprosium and terbium will continue to consolidate at high levels in the near term.

【SMM Rare Earth Daily Review: Rare Earth Market Shows Polarization, Light Rare Earth Prices Continue to Decline】Today, the rare earth market prices exhibited a polarization trend between heavy and light rare earths. Specifically, in the oxide market, the price of Pr-Nd oxide decreased to 421,000-423,000 yuan per mt, the price of dysprosium oxide remained stable at 1.67-1.69 million yuan per mt, and the price of terbium oxide increased to 7.17-7.25 million yuan per mt.