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SMM News on May 6: Today, the overall rare earth market prices showed a trend of stabilization. Specifically, in the oxide market, the price of Pr-Nd oxide increased to 411,000-413,000 yuan/mt, dysprosium oxide remained stable at 1.59-1.61 million yuan/mt, terbium oxide remained stable at 6.72-6.75 million yuan/mt, and gadolinium oxide remained stable at 160,000-164,000 yuan/mt. Holmium oxide prices remained stable at 490,000-495,000 yuan/mt, while erbium oxide prices fluctuated between 298,000-303,000 yuan/mt.
In the metal market, the price of Pr-Nd alloy increased to 501,000-505,000 yuan/mt, dysprosium-iron alloy remained stable at 1.57-1.58 million yuan/mt, terbium metal quotes remained stable at 8.35-8.4 million yuan/mt, gadolinium-iron alloy remained stable at 158,000-159,000 yuan/mt, holmium-iron alloy market prices remained stable at 500,000-510,000 yuan/mt, and lanthanum-cerium metal prices ranged from 17,000-19,000 yuan/mt.
Currently, the overall rare earth market prices remain stable. After the holiday, the overall trading atmosphere in the market has not changed significantly compared to before the holiday, with a strong wait-and-see sentiment prevailing. In the light rare earth market, due to the peak in restocking before the holiday, the prices of Pr-Nd products have stabilized after falling. In contrast, in the medium-heavy rare earth market, due to weak end-use demand and restricted exports, magnetic material enterprises have low demand for restocking medium-heavy rare earths, resulting in a sluggish trading atmosphere in the market. It is expected that rare earth market prices will continue to remain stable in the short term.
