[SMM Rare Earth Afternoon Trading Comment] In the afternoon, Pr-Nd oxide prices edged lower, suppliers slightly loosened their quotes, downstream purchases were mainly need-based, and actual transactions were limited. Gadolinium oxide quotes remained stable in the afternoon, with suppliers holding prices steady on shipments, while inquiries were sparse and trading was inactive. For Pr-Nd alloy, afternoon inquiry activity was sluggish, and with raw material prices pulling back, some alloy enterprises lowered their quotes, though the decline was limited by cost support. Gadolinium-iron alloy prices continued to run steadily in the afternoon, with subdued trading activity.
![[SMM Rare Earth Morning Meeting Summary] Pr-Nd series raised by futures boost but transactions failed to follow, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material followed the rise but spot orders limited](https://imgqn.smm.cn/usercenter/UXEpx20251217171743.jpeg)


