On August 12th, the average price for PrNd Oxide reported by Asian Metal rose by 3,000 yuan to 373,500 yuan per ton. Similarly, the average price for PrNd mischmetal increased by 3,000 yuan to 461,500 yuan per ton. The PrNd market trended upwards with active inquiries for oxides, firm factory quotations, and high transaction prices, supported by strong cost-side factors, leading to a corresponding rise in metal prices. Metal manufacturers displayed moderate enthusiasm in their quotations, while downstream magnet manufacturers remained cautious in their inquiries, closely monitoring major factory tenders. The Dy and Tb markets remained stable, with steady oxide quotations and adequate cost-side support. Metal prices were stable, inquiries in the market were moderate, and downstream replenishment was done as needed, resulting in few actual transactions.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 371,000 | 376,000 | 373,500 | +3000 |
| PrNd Mischmetal | CNY/ton | 459,000 | 464,000 | 461,500 | +3000 |
| DyFe Alloy | CNY/kg | 1,660 | 1,680 | 1,670 | – |
| Tb Metal | CNY/kg | 6,350 | 6,550 | 6,450 | – |
| GdFe Alloy | CNY/ton | 163,000 | 166,000 | 164,500 | – |
| HoFe Alloy | CNY/kg | 518 | 523 | 520.5 | – |
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