SMM Rare Earth Afternoon Trading Comment for September 3

Published: Sep 3, 2026 17:12

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[SMM Rare Earth Afternoon Trading Comment] In the afternoon, Pr-Nd oxide prices continued to edge higher along with the futures, with suppliers raising their quotes and low-priced sources tightening, but downstream inquiries improved only marginally and actual transaction volumes remained insufficient. For gadolinium oxide, suppliers made no adjustments to their quotes in the afternoon, with inquiries scarce and trading sluggish. In the Pr-Nd alloy market, afternoon inquiries showed no significant improvement, but driven by higher raw material prices, alloy producers slightly raised their quotes, while actual transactions followed through only to a limited extent and the market remained in a stalemate. Gadolinium-iron prices continued to run steady in the afternoon, with a sluggish trading atmosphere.

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