[SMM Rare Earth Morning Meeting Summary] Bearishness Continues, Pr-Nd Oxide Remains Weak; Metals Follow the Decline with Sluggish Trading; Magnetic Materials Recover as Work Resumes
[Bearishness Persists, Pr-Nd Oxide Remains Weak; Metals Follow Lower with Sluggish Transactions; Magnetic Materials Recover as Work Resumes]
Yesterday, affected by fluctuations in futures prices, most market participants maintained a bearish outlook. Downstream metal producers showed strong wait-and-see sentiment and low purchase willingness; some traders continued selling at low prices, leaving market transactions under pressure, and Pr-Nd oxide prices remained on a weak trend. In medium-heavy rare earths, dysprosium oxide and terbium oxide prices were relatively stable, with little overall change in the market.