Rare Earth Prices Rise Outside China, Driven by Domestic Increases and Future Expectations

[SMM Rare Earth Daily Review: Rare Earth Prices Remain in the Doldrums, Intense Tug-of-War Between Upstream and Downstream] Overall, hampered by weak downstream orders and low purchase willingness from magnetic material enterprises when inquiring and sourcing, rare earth market inquiries continue to be under pressure, with an intense tug-of-war between upstream and downstream. Additionally, as Pr-Nd oxide futures prices keep softening, rare earth market prices remain in the doldrums, and actual trading performance is poor. In the short term, affected by the stalemate in market trading, Pr-Nd product prices are expected to move sideways.

[Pr-Nd Oxide Continues to Decline, Dragging Metals Down, Magnetic Material Scrap Waits and Sees, Medium-Heavy Rare Earths Stable] Yesterday, some traders continued to sell at low prices, but metal plants' purchase willingness remained poor. Pr-Nd oxide prices further dropped, market confidence was unstable, and downstream inquiries and trading continued to be sluggish. For medium-heavy rare earths, downstream purchasing enthusiasm for dysprosium oxide and terbium oxide markets remained relatively low, plant quotations remained firm, and prices fluctuated relatively little for the time being.