Rare Earth Prices Pull Back Before Chinese New Year

January 17: , The rare earth market experienced a price correction. According to data, the price of Pr-Nd oxide dropped to 408,000-410,000 yuan/mt, dysprosium oxide fell to 1.66-1.67 million yuan/mt, terbium oxide remained at 5.92-5.96 million yuan/mt, gadolinium oxide stayed at 155,000-160,000 yuan/mt, holmium oxide decreased to 440,000-445,000 yuan/mt, and erbium oxide prices remained stable at 285,000-295,000 yuan/mt.

In the metal market, the price of Pr-Nd alloy adjusted to 504,000-508,000 yuan/mt, dysprosium-iron alloy remained at 1.62-1.64 million yuan/mt, terbium metal stayed stable at 7.37-7.45 million yuan/mt, gadolinium-iron prices were unchanged at 154,000-157,000 yuan/mt, and lanthanum-cerium metal was set at 17,000-19,000 yuan/mt. Pre-holiday rare earth demand gradually weakened, causing a slight pullback in rare earth oxide prices. Quotes and inquiries for rare earth products in the market significantly decreased, and transaction volumes also declined. Some suppliers opted for lower prices to accelerate sales. Starting this weekend, some downstream producers will begin suspending production for the holiday, while some large enterprises will continue normal operations. However, as logistics gradually halt next week, market trading activity is expected to become even more subdued. Rare earth prices are anticipated to remain generally stable before the Chinese New Year. "Source: Shanghai Metals Market"