Rare Earth Prices Stable: Pr-Nd Oxide at 775,000-780,000 Yuan/mt, Alloy at 935,000-950,000 Yuan/mt
[SMM Rare Earth News Flash] Affected by multiple factors, as of 17:00 today, the spot Pr-Nd oxide was quoted at 775,000-780,000 yuan/mt, unchanged from the morning price, and spot Pr-Nd alloy was quoted at 935,000-950,000 yuan/mt, also unchanged from the morning price. According to SMM, some transactions of Pr-Nd oxide were concluded at 775,000-777,000 yuan/mt. Some suppliers reported that supplies below 775,000 yuan/mt were hard to find. Although downstream magnetic material enterprises actively inquired and restocked, they showed obvious resistance to high-priced metals, with the highest transaction price of Pr-Nd alloy reaching 945,000 yuan/mt.