Rare earth prices are likely to remain strong in the short term amid active procurement

This week, the prices of Pr-Nd, dysprosium, and terbium products showed a generally strong trend. With positive expectations for China Northern Rare Earth's August listing prices, sellers increased their quotations for Pr-Nd products. Supported by reduced supply from the mining end and favorable news, the prices of dysprosium and terbium products also rose rapidly. Additionally, with downstream orders improving, the increase in rare earth raw material prices received some support.

Considering the limited supply of rare earths in the future, traders and downstream made active procurement, and rare earth prices are likely to remain strong in the short term.