[SMM Rare Earth Morning Meeting Summary] Pr-Nd prices continue to rise, and the tightening supply of terbium and holmium drives medium-heavy rare earths to strengthen
[Pr-Nd prices continued to rise, and terbium and holmium supply tightening drove medium-heavy rare earth to strengthen] Yesterday, scrap market prices continued to rise. Affected by the continuous increase in oxide offer prices, recycling enterprises raised their external procurement quotes accordingly. However, suppliers were rather wait-and-see about selling, and recycling enterprises maintained just-in-time procurement, resulting in limited actual transactions.