Rare earth sellers and buyers were in a deadlock last week

Last week, rare earth prices began to decline. Major manufacturers halted procurement, deteriorating upstream sellers' confidence. Sellers increased shipments, and traders dumped cargoes at low prices, which resulted in weakening rare earth raw material prices.

Upstream transactions cooled, while downstream demand showed no significant improvement. The overall traded prices of rare earth products were relatively low, with intense back-and-forth negotiations between buyers and sellers. As most market players adopt a wait-and-see attitude, rare earth prices are expected to fluctuate narrowly.