SMM Rare Earth Afternoon Trading Comment on October 15

Published: Oct 15, 2026 16:12 (GMT+8)

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[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, Pr-Nd oxide prices stabilized at highs, with suppliers maintaining a firm stance on pricing and low-priced cargoes remaining hard to find. Downstream inquiries were mainly for essential needs, while actual order follow-through was slow. Gadolinium oxide prices pulled back slightly in the afternoon, with sellers' quotes softening somewhat. Buyers made inquiries based on demand, and the trading atmosphere remained subdued. In the afternoon, Pr-Nd alloy quotes were unchanged from the morning, with no adjustments made during the day. The alloy segment continued to respond with stable pricing amid slight raw material price increases and insufficient transaction follow-through. Downstream inquiries showed no improvement, with purchasing maintained at essential levels and limited actual deals concluded. Gadolinium iron quotes were slightly lowered in the afternoon, as holders offered some room to facilitate transactions, but buyers' purchase willingness remained low, and intraday trading stayed mediocre.

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