稀土价格|本周镨钕价格显著上涨

Core Viewpoint - The rare earth market in China is currently experiencing a "price without market" situation, with divergent price trends for light and heavy rare earth products [5][6]. Group 1: Light Rare Earth Market - The prices of mainstream light rare earth products initially declined, then increased, and finally stabilized during the week. This was due to weak downstream demand and suppliers' inability to raise prices at the beginning of the week [2][7]. - Midweek, the strengthening of production cost support, increased inquiries from magnetic material companies, and tightening supply expectations contributed to suppliers' confidence in raising prices [7]. - As the weekend approached, the pace of downstream demand recovery slowed, and favorable factors began to diminish, leading to a slowdown in the rate of price increases [7]. Group 2: Heavy Rare Earth Market - The price trend for dysprosium and terbium was characterized by an initial decline followed by stabilization. At the beginning of the week, low market inquiry activity and financial pressures on rare earth manufacturers led to a strong inclination among suppliers to lower prices [3][8]. - By the end of the week, the significant price increase of praseodymium and neodymium helped stabilize dysprosium and terbium prices [8]. - Specific price changes included an increase of approximately 19,000 yuan/ton for praseodymium-neodymium oxide (3.30% increase), a rise of about 25,000 yuan/ton for praseodymium-neodymium metal (3.57% increase), a decrease of 70,000 yuan/ton for terbium oxide (1.14% decrease), and a drop of 10,000 yuan/ton for dysprosium oxide (0.74% decrease) [8]. Group 3: Regulatory Environment - On December 25, 2025, the Ministry of Commerce held a regular press conference addressing questions about China's restrictions on certain rare earth elements, particularly those needed for permanent magnets in the U.S. The spokesperson emphasized that most rare earth magnets are general import and export goods, and fluctuations in trade data are normal market phenomena [3][8]. - The Chinese government remains committed to maintaining the stability and security of the global supply chain and actively promotes and facilitates compliant trade [8].