SMM China Rare Earth Market Daily on January 16

[January 16 SMM China Rare Earth Market Daily] Today, after a week of increases, the rare earth market finally returned to calm. It is understood that starting from this weekend, producers and logistics companies will gradually begin their holidays, and the festive atmosphere in the rare earth market is becoming increasingly strong. Suppliers have also shown a continuous decline in their enthusiasm for active quotations. Today, both the quotation and inquiry activity in the rare earth market have significantly decreased compared to earlier periods. The trading volume of rare earth oxides and metal products has declined, and some suppliers, still hoping to sell before the last few days, have actively lowered prices. The market transaction price slightly dropped this afternoon.