Rare earth prices remain in the doldrums, and the tug-of-war between sellers and buyers continues [SMM Rare Earth Daily Review]
[SMM Rare Earth Daily Review: Rare Earth Prices in the Doldrums, Tug-of-War Between Buyers and Sellers Continues] Overall, inquiry activity in the rare earth market is currently low, and combined with the decline in futures prices for Pr-Nd oxide, rare earth prices are in the doldrums. However, upstream producers' quotes remain relatively firm, with limited actual declines, and the tug-of-war between upstream and downstream is intense. In the short term, affected by the stalemate in market trading, Pr-Nd product prices are likely to move sideways within a narrow range.