August 6 SMM Rare Earth Afternoon Transaction Comment

[SMM Rare Earth Afternoon Transaction Comment] Today, the Pr-Nd oxide market remained sluggish in trading. Although suppliers held firm quotations above 735,000 yuan/mt, metal plants' purchase willingness remained weak. Gadolinium oxide quotations also remained above 200,000 yuan/mt, but gadolinium-iron alloy plants indicated that they would not purchase at this price for the time being. Afternoon prices for Pr-Nd alloy were unchanged from the morning, with metal enterprises holding firm quotations at 890,000-900,000 yuan/mt. However, downstream magnetic material enterprises showed strong wait-and-see sentiment, actual cost performance was poor, and the tug-of-war between upstream and downstream continued. In the gadolinium-iron market, inquiry activities remained sparse, with quotations stable at 190,000-195,000 yuan/mt.