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[SMM Rare Earth Morning Meeting Summary] Low Market Inquiry Activity, Strong Sentiment of Caution Among Buyers

  • Feb 27, 2025, at 9:54 am
[SMM Rare Earth Morning Meeting Summary: Low Market Inquiry Activity, Strong Wait-And-See Sentiment Among Buyers] Yesterday, rare earth oxide prices showed mixed changes. The prices of Pr-Nd oxide and dysprosium oxide slightly declined due to sluggish market purchasing, while terbium oxide saw increased inquiry activity and a price rise influenced by news factors.

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SMM February 27 News:

Rare Earth Ore

Prices: The price of rare earth carbonate is approximately 36,500 yuan/mt, monazite is around 42,000 yuan/mt, and medium-yttrium, europium-rich ore standard ore is about 190,000 yuan/mt.

Supply and Demand: Currently, with a slightly tight supply of ore products, prices remain relatively stable, and market sentiment is dominated by a wait-and-see approach.

Rare Earth Oxides

Prices: The quotation range for Pr-Nd oxide is approximately 448,000-450,000 yuan/mt, mainstream quotations for dysprosium oxide are in the range of 1.71-1.73 million yuan/mt, and terbium oxide prices have been adjusted to around 6.35 million yuan/mt.

Supply and Demand: Yesterday, rare earth oxide prices showed mixed changes. Pr-Nd oxide and dysprosium oxide prices slightly declined due to sluggish market purchasing, while terbium oxide prices increased as inquiry activity rose under the influence of market news.

Rare Earth Metals

Prices: The mainstream quotation range for Pr-Nd alloy is 548,000-552,000 yuan/mt, dysprosium-iron alloy is around 1.68-1.7 million yuan/mt, and terbium metal is approximately 7.8-7.85 million yuan/mt.

Supply and Demand: Yesterday, rare earth metal product quotations fluctuated downward along with oxides. Inquiry activity from downstream magnetic material enterprises was low, with most buyers adopting a wait-and-see approach, resulting in limited market transactions.

Magnetic Materials

Prices: NdFeB blank prices—NdFeB blank N38 (Ce) closed at 145-155 yuan/kg; NdFeB blank 40M closed at 191-201 yuan/kg; NdFeB blank 40H closed at 195-205 yuan/kg; NdFeB blank 45SH (Ce) closed at 245-265 yuan/kg.

Supply and Demand: Currently, permanent magnet enterprises indicate that the current order prices remain low. High-priced metal purchases have placed significant pressure on enterprises, so the overall strategy remains focused on purchasing to meet basic needs.

NdFeB Scrap

Prices: PrNd recycled from NdFeB scrap closed at 457-474 yuan/kg; dysprosium recycled from NdFeB scrap closed at 1,635-1,657 yuan/kg; terbium recycled from NdFeB scrap closed at 5,123-5,178 yuan/kg.

Supply and Demand: Recently, mainstream quotations in the market have remained stable, with reduced price fluctuations. Most traders are purchasing as needed, while separation enterprises are replenishing essential inventory.

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