Rare earth market update on February 19, 2025
The overall domestic rare earth market remains tepid, primarily reflected in the cautious sentiment among traders, reasonable fluctuations in the prices of mainstream products, and the scarcity of new orders. According to China Tungsten Online, the recent sharp increase in supplier quotations followed by minor decreases over the last one or two weeks has led to low enthusiasm among downstream users for market inquiries and purchases. Today, the prices saw the following changes:
Praseodymium and neodymium metals decreased by approximately 2,000 yuan/ton. Terbium oxide decreased by about 20 yuan/kg. Holmium oxide decreased by about 10,000 yuan/ton. Dysprosium iron alloy decreased by about 20,000 yuan/ton.
Despite the continuous decline in raw material prices in recent days, the prices of rare earth permanent magnet materials and their waste materials have remained stable.
In terms of news, Zhenghai Magnetic Materials has forecasted a net profit for the parent company's owners for 2024 to be between 80 million and 100 million yuan, marking a year-on-year decrease of 77.65% to 82.12%. The net profit after deducting non-recurring gains and losses is expected to be between 51 million and 71 million yuan, showing a year-on-year decrease of 81.55% to 86.75%.
Prices of rare earth products on February 19, 2025
Erbium oxide picture
