Prices of medium and heavy rare earths stop falling as Myanmar is about to close its borders again

From October 26 to November 2, the overall trend for rare earth prices continued to be weak. During the week, the market demand and trading situation for dysprosium and terbium products remained sluggish. However, as the region of Myanmar is about to close its borders again, this will have a long-term impact on the import of raw materials. Influenced by this news, the prices of medium and heavy rare earths began to stop falling and stabilize. Due to group purchasing behavior, Pr-Nd products price experienced a slight increase during the week. However, after the listing price of Northern Rare Earth Group in November remained the same MoM, the price trend of Pr-Nd also stabilized.