Northern Rare Earth's NdFeB Alloy Project Enters Trial Production, Aiming Full Operation by 2026

[SMM Rare Earth Daily Review: Rare Earth Prices in the Doldrums; Downstream Wait-and-See Sentiment Strong, Trading Sluggish] Overall, rare earth market prices today showed a weak pattern of "Pr-Nd pulling back, medium-heavy rare earth metals softening, and most oxides holding steady": of the twelve products, eight closed flat, four declined, and none rose. The decline was mainly concentrated in the metal segment, and the drop in metal prices was generally larger than that of corresponding oxides, with pricing pressure shifting from the raw material side to the processing side. In terms of trading, the pullback in quotes did not simultaneously ignite buying interest. Downstream magnetic material enterprises remained largely in a wait-and-see mood, with purchases still dominated by rigid-demand inquiries. In the short term, with limited trading days remaining before the holiday, downstream magnetic material enterprises still have rigid stocking demand, but their ability to absorb current price levels is limited. Pr-Nd products are likely to continue consolidating in a narrow range.

[Major producer purchases boost Pr-Nd further, dysprosium stable while terbium weak] Yesterday, Pr-Nd oxide was driven by news of major producer purchases, with offers continuing to rise. Some metal enterprises made small restocking purchases, and the actual transaction price center moved upward. Dysprosium oxide entered a wait-and-see phase after the previous round of adjustments, with quotes unchanged, limited inquiries in the market, and spot transactions supported only by sporadic rigid demand. Terbium oxide quotes fell further, sellers still made concessions on shipments, high-priced offers lacked response, and the transaction center hovered near the low end.