[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.
![Rare earth prices show mixed performance; downstream wait-and-see sentiment is strong [SMM Rare Earth Daily Review]](https://imgqn.smm.cn/usercenter/rqOXm20251217171744.jpeg)

