Rare earth prices may continue to run weakly

This week, rare earth prices continued to fall. According to the SMM survey, the operating rate of downstream magnetic material companies was lower than that in previous periods. The continuous decline in rare earth oxide prices led to a lack of confidence among sellers, resulting in an increase in cheaper supplies and further declines in market transaction prices.

The rare earth market still showed no significant improvement. It is expected that rare earth prices will continue to run weakly in the future.