Increased Downstream Procurement Demand Drives Continued Price Increases for Praseodymium-Neodymium

Increased Downstream Procurement Demand Drives Continued Price Increases for Praseodymium-Neodymium

The rare earth market continues to show a divergent trend: Pr-Nd market prices keep rising, while medium-to-heavy rare earth prices have stabilized after previous declines. In the Pr-Nd market, concentrated tender purchases for Pr-Nd metal by multiple major magnetic material manufacturers have led to improved inquiry activity. Low-priced supplies in the market tightened rapidly, resulting in a slight increase in Pr-Nd metal prices.

Market Update November 27: Today, rare earth market prices continue to diverge.

Specifically, in the oxide market:

• Pr-Nd oxide prices increased to 555,000 – 559,000 yuan/ton.
• Dysprosium oxide prices remained stable at 1.47 – 1.49 million yuan/ton.
• Terbium oxide prices remained stable at 6.50 – 6.55 million yuan/ton.
• Gadolinium oxide prices remained stable at 158,000 – 160,000 yuan/ton.
• Holmium oxide prices remained stable at 490,000 – 498,000 yuan/ton.
• Erbium oxide prices continued fluctuating between 345,000 – 350,000 yuan/ton.

In the metal market:

• Pr-Nd metal prices increased to 678,000 – 685,000 yuan/ton.
• Dysprosium-iron alloy prices remained stable at 1.42 – 1.44 million yuan/ton.
• Terbium metal prices remained stable at 8.10 – 8.13 million yuan/ton.
• Gadolinium-iron alloy prices remained stable at 154,000 – 156,000 yuan/ton.
• Holmium-iron alloy prices remained stable at 497,000 – 502,000 yuan/ton.
• Lanthanum-cerium metal prices remained stable between 17,000 – 19,000 yuan/ton.

Currently, the rare earth market continues its divergent trajectory: Pr-Nd market prices are rising, while medium-to-heavy rare earth prices have stopped falling and stabilized. For Pr-Nd, the concentrated tender purchases from major magnetic material companies have improved inquiry activity for Pr-Nd metal, quickly tightening the availability of low-priced supplies and leading to a slight price increase. The oxide market is similarly affected by the increased tender activity, with higher market inquiry enthusiasm driving continued price increases. In the medium-to-heavy rare earth segment, influenced by these procurements from magnetic material giants, market inquiries have increased. Prices for medium-to-heavy rare earths like Dysprosium and Terbium have begun to stabilize after previous declines, operating steadily overall. Looking at the broader picture, driven by concentrated procurement demand from the downstream magnetic materials industry, inquiry volume across the entire rare earth market has grown. Among these, price increases for the Pr-Nd series products are pronounced, while medium-to-heavy rare earths are in a state of stabilization after their declines. In the short term, as replenishment demand from magnetic material enterprises grows, rare earth market prices are expected to continue operating with a stronger bias.