The overall price of rare earth began to recover

This week, the overall price of rare earth began to recover. Pr-Nd prices continued to rise throughout the week, while dysprosium and terbium products saw a slight decline in prices at the beginning of the week. However, with the impact of market news, traders became more active in inquiries. Meanwhile, due to difficulties in raw material procurement, separation plants raised their quotes, causing low-price supplies to tighten quickly. Therefore, the transaction prices of rare earths increased accordingly.

Considering the current low willingness to sell from miners and the strong willingness of separation plants to hold their offers firm, it is expected that rare earth prices will run strong in the short term.