SMM Rare Earth Afternoon Trading Comment for November 3

[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, Pr-Nd oxide prices remained relatively stable. After the sharp decline in the morning following the futures market, most suppliers suspended quotations and adopted a wait-and-see attitude. Downstream inquiries were sluggish, with few actual deals. Gadolinium oxide maintained the morning's level in the afternoon, with sellers' quotations unchanged. Buyers inquired based on demand, and transactions showed no improvement. Pr-Nd alloy quotations stabilized, with no further adjustments after the morning decline, as cost support remained steady for the time being. Most suppliers suspended quotations and adopted a wait-and-see stance, downstream inquiries were sluggish, and actual deals were limited. Gadolinium-iron alloy quotations held steady in the afternoon, with transactions mainly driven by rigid demand.