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SMM, February 7: Rare earth prices continued to rise today. Specifically, Pr-Nd oxide increased to 424,000-426,000 yuan/mt, dysprosium oxide rose to 1.68-1.7 million yuan/mt, and terbium oxide climbed to 5.97-6 million yuan/mt. Gadolinium oxide prices rose to 162,000-165,000 yuan/mt, holmium oxide increased to 455,000-460,000 yuan/mt, while erbium oxide remained stable at 285,000-295,000 yuan/mt.
In terms of metals, Pr-Nd alloy prices adjusted to 522,000-524,000 yuan/mt, dysprosium-iron alloy increased to 1.65-1.66 million yuan/mt, and terbium metal rose to 7.45-7.48 million yuan/mt. Gadolinium-iron alloy prices climbed to 160,000-162,000 yuan/mt, while lanthanum-cerium metal remained at 17,000-19,000 yuan/mt. Currently, due to insufficient supply from mines, strong market sentiment, and speculative factors, suppliers in the rare earth market have raised their quotes, making low-priced sources increasingly scarce. The main transaction prices of rare earth oxides have continued to rise. Industry insiders generally hold an optimistic outlook on the future trend of rare earth prices. However, inquiries from downstream magnetic material enterprises remain low, and market activity is expected to fully recover next week.
