SMM Rare Earth Afternoon Trading Comment for September 2

Published: Sep 2, 2026 17:21

[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, Pr-Nd oxide prices remained stable, with factories quoting firmly and low-priced sources still hard to find. Downstream purchases were cautious, and transactions were stagnant. For gadolinium oxide, suppliers kept their quotes stable in the afternoon, market inquiries were sluggish, and actual transactions were limited. In the Pr-Nd alloy market, inquiries showed no improvement in the afternoon, metal enterprises quoted relatively firmly, market trading remained stagnant, and downstream inquiry and purchasing attitudes were cautious. Gadolinium iron prices continued to run steadily in the afternoon, with a sluggish trading atmosphere.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Rare earth prices show mixed performance; downstream wait-and-see sentiment is strong [SMM Rare Earth Daily Review]
5 hours ago
Rare earth prices show mixed performance; downstream wait-and-see sentiment is strong [SMM Rare Earth Daily Review]
Read More
Rare earth prices show mixed performance; downstream wait-and-see sentiment is strong [SMM Rare Earth Daily Review]
Rare earth prices show mixed performance; downstream wait-and-see sentiment is strong [SMM Rare Earth Daily Review]
[SMM Rare Earth Daily Review: Rare earth prices show mixed performance, with strong wait-and-see sentiment downstream] Overall, after the previous rapid rise, the rare earth market has entered a phase of differentiated adjustment. Dysprosium and terbium pulled back from highs, holmium and erbium continued to make up gains, while Pr-Nd consolidated. Downstream actual purchasing pace remained cautious overall, with transactions in a stalemate. In the short term, Pr-Nd products are expected to continue moving sideways under the influence of stagnant market trading. Medium-heavy rare earth products are showing divergent trends: holmium and erbium are likely to hold up well supported by tight supply, while dysprosium and terbium consolidate at highs.
5 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd oxide gains narrowed in the afternoon with a slight correction, metals remained stagnant with few transactions, and magnetic material long-term contract deliveries squeezed out spot orders.
9 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd oxide gains narrowed in the afternoon with a slight correction, metals remained stagnant with few transactions, and magnetic material long-term contract deliveries squeezed out spot orders.
Read More
[SMM Rare Earth Morning Meeting Summary] Pr-Nd oxide gains narrowed in the afternoon with a slight correction, metals remained stagnant with few transactions, and magnetic material long-term contract deliveries squeezed out spot orders.
[SMM Rare Earth Morning Meeting Summary] Pr-Nd oxide gains narrowed in the afternoon with a slight correction, metals remained stagnant with few transactions, and magnetic material long-term contract deliveries squeezed out spot orders.
[Pr-Nd oxide afternoon gains narrow with a slight correction, metals stagnant with few transactions, magnetic material long-term contract deliveries squeeze spot orders] Currently, rare earth ion-adsorption ore supply in Southeast Asia has slightly declined compared with the earlier period, and oxide prices have begun to rise, with overall rare earth ore transaction prices starting to edge up.
9 hours ago
PrNd Drops 2.7% in August — Can a Tightening Supply Side Fuel a "Golden September" Rebound?
23 hours ago
PrNd Drops 2.7% in August — Can a Tightening Supply Side Fuel a "Golden September" Rebound?
Read More
PrNd Drops 2.7% in August — Can a Tightening Supply Side Fuel a "Golden September" Rebound?
PrNd Drops 2.7% in August — Can a Tightening Supply Side Fuel a "Golden September" Rebound?
23 hours ago
Register to Continue Reading
Gain access to the latest insights in metals and new energy
Already have an account?Sign in here
SMM Rare Earth Afternoon Trading Comment for September 2 - Shanghai Metals Market (SMM)