JL MAG Rare-earth Industry Price Briefing 2508（Issue No.544）03-03~03-07

Week 10，2024

1.    重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕和镝铁合金价格小幅下跌，金属钕价格保持不变，金属铽价格出现较大幅度上涨。亚洲金属网周末价格: 镨钕金属价格538-541元/KG；金属钕价格548-553元/KG；镝铁合金价格1640-1660元/KG；金属铽价格7950-8050元/KG。

This week's rare earth market trend saw a decrease in the prices of PrNd metal and DyFe alloy, while the price of Nd metal remained unchanged but a big increase of Tb metal. Asian metal weekend prices: PrNd metal 538-541 RMB/KG; Nd metal 548-553 RMB/KG; DyFe alloy 1640-1660 RMB/KG; Tb metal 7950-8050 RMB/KG.

2.     业内人士分析Analysis of Professional Insiders

本周（3月3-7日）轻稀土镨钕走势相对较稳，即使震荡也修复较快；中稀土镝铽同样在低价位难有匹配中不断走稳，尽管一度出现出货增多的情况，但整体让价幅度不大，基本面依旧持稳。与节前相比，当前价位处于高位平台期，市场畏高情绪有所收敛，加之缅甸矿短期内依旧难进，导致分离厂及贸易商对氧化物的坚挺分外有信心，叠加主流大厂氧化物报价坚挺，使得金属产品成交区间有所拉宽，下游受资金及订单成本影响，以低价询采为多，小范围拉低了金属的成交价。

This week (March 3-7) the trend of light rare earth PrNd is relatively stable, even if the shock is repaired faster; Medium rare earth Dy and Tb are also difficult to match in the low price continues to stabilize, although there was an increase in shipments, but the overall price margin is not large, the fundamentals are still stable. Compared with before the festival, the current price is in a high plateau period, the market fear of high sentiment has been restrained, coupled with the Myanmar mine is still difficult to enter in the short term, resulting in separation plants and traders have extra confidence in the strength of oxides, superimposed mainstream oxide quotes are strong, making the trading range of metal products wider, downstream affected by the cost of funds and orders, with low prices, which slightly lower the metal prices.

从当前产业链各端表现情况来看：原料端供应趋紧的态势不减，节后下游复产节奏加快，但成本端支撑弱化推动下游利润亟需修复，导致合金端挤压让利。分离企业对氧化物的坚挺，可能在短期内使价格微震荡稳运行，等待终端逐渐接受此价位。（瑞道稀土资讯）

From the current performance of all ends of the industrial chain: the tight supply of raw materials does not decrease, and the downstream production resumption rhythm is accelerated after the festival, but the weakening of the cost end support promotes the downstream profits in urgent need of repair, resulting in the extrusion of the alloy end. The strength of the separation enterprise for the oxide may make the price fluctuate steadily in the short term, waiting for the terminal to gradually accept this price. (Ruidao Rare Earth Information)

3.    趋势图（参考亚洲金属网）Tendency Chart (refer to Asian Metal)

2025年03月13日

March 13^th, 2025