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[SMM Rare Earth Morning Meeting Summary] Traders Lower Prices to Sell, Rare Earth Prices Slightly Decline

  • Mar 06, 2025, at 9:24 am
[SMM Rare Earth Morning Meeting Summary: Traders Undercut Prices to Sell, Rare Earth Prices Slightly Declined] Yesterday, rare earth prices continued to fluctuate downward. Factory quotations remained firm, while traders, holding previously low-cost inventory, actively undercut prices to sell under weak price conditions. The actual transaction prices of rare earths slightly declined.

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SMM March 6 News:

Rare Earth Ore

Prices: Rare earth carbonate prices are approximately 35,700 yuan/mt, monazite prices are around 41,900 yuan/mt, and medium-yttrium, europium-rich ore standard ore prices are about 188,500 yuan/mt.

Supply and Demand: Currently, ore supply remains tight, and suppliers show moderate enthusiasm for selling.

Rare Earth Oxides

Prices: Pr-Nd oxide quotation range is approximately 440,000-442,000 yuan/mt, mainstream quotations for dysprosium oxide are in the range of 1.69-1.71 million yuan/mt, and terbium oxide prices have been adjusted to around 6.45-6.55 million yuan/mt.

Supply and Demand: Yesterday, rare earth prices continued to fluctuate downward. Factory quotations remained firm, while traders with low-cost inventory actively lowered prices to sell under weak price conditions, resulting in a slight decline in actual transaction prices.

Rare Earth Metals

Prices: Mainstream quotations for Pr-Nd alloy are in the range of 540,000-542,000 yuan/mt, dysprosium-iron alloy prices are approximately 1.65-1.67 million yuan/mt, and terbium metal prices are around 8.08-8.13 million yuan/mt.

Supply and Demand: Metal manufacturers mainly base their prices on corresponding oxide quotations. Actual transaction prices dropped back slightly, but large manufacturers showed low willingness to sell at lower prices. Downstream enterprises had limited actual inquiries, and market trading sentiment was subdued.

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: Yesterday, rare earth prices remained generally stable, with a slight decline in market trading volume. The magnetic materials market continued to follow the principle of purchasing as needed, with enterprise order prices generally below the market average, and competition in the market remained intense.

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: Yesterday, mainstream market trends remained stable. Sentiment in the scrap market was mediocre, with relatively low trading volume. In the short term, scrap prices are expected to remain stable; from a long-term perspective, prices still have upward potential.

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