With weak supply and demand, rare earth prices showed a slight fluctuation trend

This week, rare earth prices showed a slight fluctuation trend. On one hand, influenced by the news of the upcoming resumption of Myanmar mines, medium-heavy rare earth prices showed a downward trend. On the other hand, although large magnetic material enterprises' orders continued to grow steadily, small enterprises' order growth remained limited. Market activity was not very active, and the support for Pr-Nd product prices was insufficient, leading to an overall weak and stable price trend.

Currently, the rare earth market supply and demand are both relatively weak. SMM expects rare earth prices to remain stable in the short term.