[SMM Analysis] VAT reduction once again leads to lower prices of light rare earths

SMM4 month 4 news: this week the trend of heavy rare earths stabilized and remained strong, the mainstream price of gadolinium oxide rose to 14.2-145000 yuan / ton, dysprosium and terbium product prices rose for a while. Light rare earth market is in the doldrums, lanthanum cerium praseodymium neodymium prices fell in varying degrees, lanthanum oxide, cerium oxide mainstream down to 12200 to 12700 yuan / ton, praseodymium oxide price trend is still not stable, mainstream prices down to 27.6-280000 yuan / ton.

Looking forward to next week, as the overall pattern of light rare earths is in excess of demand, there is still a slow downward risk in the future, and medium and heavy rare earths such as dysprosium and terbium are expected to remain strong in the near future.