Last week, rare earth prices continued to fall. Due to price instability, market participants mostly adopted a wait-and-see attitude. Both buyers and sellers showed sluggish purchase appetites, leading to a stalemate in the market. The downward trend of rare earth oxides and the lower-than-expected downstream magnet material orders had a negative impact on the rare earth market, resulting in fewer rare earth metal quotations.
Currently, the rare earth market faces multiple challenges, including lower prices, trading difficulties, and a lack of market confidence. SMM expects that rare earth prices will extend declines to some extent in the short term.
![[SMM Resumen de la reunión matutina de tierras raras] El Pr-Nd y el Dy-Tb cayeron en todos los ámbitos, los metales siguieron la caída con transacciones estancadas, y los contratos a largo plazo de materiales magnéticos desplazaron la demanda de pedidos al contado.](https://imgqn.smm.cn/usercenter/UoswK20251217171743.jpeg)


