The tender from leading magnetic material producers and purchases by a major enterprise supported Pr-Nd prices

This week, the prices of medium-heavy rare earths remained weak, while Pr-Nd prices were relatively stable, supported by the tender from leading magnetic material producers and purchases by a major enterprise. However, the current weak downstream demand has not improved, making it difficult for rare earth materials to achieve high transaction prices. The market remained quiet, with transaction prices stagnant.

Upstream producers held prices firm, while demand saw no significant improvement. Therefore, the wait-and-see sentiment spread. It is expected that rare earth prices will remain stable without significant volatility.