Lockheed Martin Signs 10-Year Deal for Scandium Oxide with NioCorp Amid Rising Aerospace Demand

[SMM Rare Earth Daily Review: Rare Earth Prices Generally Weak, Downstream Wait-and-See Keeps Transactions Sluggish] Overall, affected by downstream magnetic material enterprises' wait-and-see approach to inquiries, market trading activity remains persistently sluggish, rare earth prices are generally in the doldrums, and actual transactions are still weak. In the short term, influenced by the stalemate in the tug-of-war between upstream and downstream, Pr-Nd product prices may continue to move sideways.

[Pr-Nd oxide continued to weaken, large factories’ evening purchases boosted confidence, medium-heavy rare earth followed the decline.] Yesterday, affected by wild swings in futures prices, most market participants had a strong wait-and-see sentiment. Factories were reluctant to sell and purchase, and some traders continued to sell small quantities at low prices. However, large factories’ purchases in the evening boosted some market confidence, and low-priced supply tightened again. In the medium-heavy rare earth market, prices of dysprosium oxide and terbium oxide also edged down with the market, but most factories kept their offers firm, and the decline was relatively small.