SMM Rare Earth Afternoon Transaction Comment, August 20

[SMM Afternoon Rare Earth Daily Comment] In the afternoon, driven by purchases from large enterprises, inquiries for Pr-Nd oxide were active, with suppliers significantly raising their offers and downstream buyers' purchase willingness also increasing, leading to a rapid tightening of low-priced sources. Gadolinium oxide offers remained firm, with low-priced sources still hard to find, while its prices showed no significant fluctuations. The Pr-Nd alloy market saw increased inquiry activity, coupled with the recovery of Pr-Nd oxide prices, prompting metal enterprises to raise their quotes to 870,000-880,000 yuan/mt, with actual transactions gradually following. The ferro-gadolinium market did not see a notable increase in inquiry activity, and prices remained stable at 180,000-185,000 yuan/mt.