Pr-Nd Prices Remain High, Downstream Procurement Activities Decrease [SMM Rare Earth Weekly Review]
[SMM Rare Earth Weekly Review: Pr-Nd Prices Remain High, Downstream Procurement Activities Decrease] This week, the market quotation for Pr-Nd oxide remained high. Suppliers held optimistic expectations for the future market and were unwilling to sell at low prices. However, downstream buyers gradually began holidays and halted procurement, leading to a noticeable decline in the actual trading activity of Pr-Nd oxide. As of today, the price of Pr-Nd oxide fluctuated and rose to 747,000-753,000 yuan/mt.