澳门人威尼斯3966(中国)有限公司

澳门人威尼斯3966稀土行情简报2516期（总第552期）05-06~05-09

JL MAG Rare-Earth Industry Price Briefing 05-06~05-09

Week 19，2025

1.    重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕、金属钕、镝铁合金价格出现小幅上涨，金属铽价格出现大幅上涨。亚洲金属网周末价格: 镨钕金属价格515-518元/KG；金属钕价格530-535元/KG；镝铁合金价格1590-1610元/KG；金属铽价格8650-8750元/KG。

This week, the rare earth market has seen a slight increase in the prices of PrNd, Nd metal and DyFe alloy, while Tb metal has experienced a significant price surge. Asian Metal at this weekend presented: PrNd metal 515-518 RMB/KG; Nd metal 530-535 RMB/KG; DyFe alloy 1590-1610 RMB /KG; Tb metal 8650-8750 RMB /KG.

2.    业内人士分析Analysis of Professional Insiders

本周（5月6日-5月9日）受五一节前备货和集团招标影响，稀土市场主流产品价格呈现上涨趋势，市场交投活跃，成交量与成交价小幅提升。镨钕类先稳后涨，平稳上行；镝铽类受出口管制影响，市场看涨情绪较高。但终端企业采购谨慎，按需补货。短期低价货源收紧，市场观望情绪浓厚。

This week (Mar. 10^th to Mar. 14^th), driven by pre-holiday stockpiling activities and corporate tenders, prices of mainstream rare earth products generally trended upward, with improved market liquidity and modest increases in both trading volume and transaction prices. PrNd metal products showed a pattern of initial stability followed by steady gains, while DyTb products attracted strong bullish sentiment due to export control policies. However, end-user enterprises maintained cautious procurement strategies, primarily replenishing inventories based on immediate needs. Currently, short-term supply of low-priced materials has tightened, resulting in a noticeably wait-and-see market atmosphere.

 稀土出口管制引发全球供应链震荡‌，中国对7类稀土实施出口管制后，特斯拉公开表示人形机器人“擎天柱”生产受阻，单台机器人需消耗3.5公斤钕铁硼永磁材料，高度依赖中重稀土供应链。美日等国加速布局替代方案，包括推动稀土回收技术及开发境外矿山，但短期内难以弥补中国供应链缺口。“五一”假期后的首周，稀土市场主流品种价格延续节前热度开市，市场交投活跃，成交量与成交价小幅提升。磁材企业两极分化，大型磁材企业凭借优势资源和市场地位有序推进生产，长协订单较为稳定。大部分中小型磁材企业对价格接受度有限，新增订单跟进不佳，导致企业采购更为谨慎，小单补货维持生产。短期低价货源收紧，市场观望情绪浓厚。（包头稀土产品交易所）

Rare earth export restrictions are causing supply chain turbulence: Following China's export restrictions on seven categories of rare earth materials, Tesla has publicly stated that production of its humanoid robot Optimus faces significant challenges. Each unit requires 3.5 kg of NdFeB permanent magnets, which heavily rely on medium-to-heavy rare earth supply chains. The U.S., Japan, and other nations are accelerating alternative strategies, including rare earth recycling technologies and overseas mining development, though these measures are unlikely to bridge the supply gap in the short term.

Post-Holiday Market Dynamics: In the first trading week after the May Day holiday, prices of mainstream rare earth products continued their upward trend, sustaining pre-holiday momentum. Market activity remained brisk, with slight increases in both trading volume and prices.

Divergence Among Magnet Producers: Backed by superior resources and market positioning, major magnetic material producers maintained stable operations with steady long-term contract orders. Most small and medium-sized enterprises showed limited price acceptance, with weak new order intake leading to cautious procurement strategies—primarily small-lot replenishment to sustain production. Short-term supply of low-priced materials has tightened significantly, fostering a wait-and-see sentiment across the industry. (Source: Baotou Rare Earth Products Exchange)

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

2025年05月12日

May 12^th, 2025

提示：以上信息仅供参考！

Notes: the information above is for reference only!