August 13 SMM Rare Earth Afternoon Trading Comment

[SMM Rare Earth Afternoon Trading Comment] In the afternoon, quotations for Pr-Nd oxide recovered slightly, but actual procurement volumes at downstream metal plants remained low. Supplier quotations were mainly above 720,000 yuan/mt, while actual transactions remained at or below 720,000 yuan/mt; mainstream quotations for gadolinium oxide were at 195,000 yuan/mt, downstream inquiries pushed hard for lower prices, and trading remained sluggish; in the Pr-Nd alloy market, inquiry activity remained weak, metal producers kept quotations firm, prices showed no significant adjustment from the morning, actual trading remained in a stalemate, and high-priced transactions were difficult; in the gadolinium-iron alloy market, inquiry activity was limited, metal producers showed little enthusiasm for actively offering quotations, and prices were temporarily stable at 188,000-190,000 yuan/mt.