[December 26 SMM China Rare Earth Market Daily] Today, Pr-Nd oxide prices began to drop back slightly as downstream purchase willingness at high prices decreased. Prices of medium-heavy rare earth products such as dysprosium and terbium remained relatively firm. Some industry participants believed that the import situation of Myanmar ore would be difficult to recover before the year-end holidays. Suppliers at the ore end maintained firm quotations with low willingness to sell.

[SMM Weekly Review: Rare Earth Prices Slightly Recovered During the Week, High-Price Transactions Remain Difficult] During the week, rare earth oxide prices overall showed a trend of bottoming out. Pr-Nd prices, after falling below 390,000 yuan/mt, saw a significant increase in inquiry activity from downstream buyers. Suppliers, in this context, raised their offers, and low-priced supplies quickly tightened.

[SMM Newsflash: Supplier Reluctance to Sell Slightly Boosts Tungsten Prices, Rare Earth Permanent Magnet Stocks Rebound, AI Application Concept Active, Minor Metals Strengthen] Tungsten prices saw a slight uptick supported by suppliers' reluctance to sell. Previously, rare earth prices had "stabilized" due to slight restocking before the holiday, which also drove a rebound in several rare earth permanent magnet stocks. Additionally, the "booming" AI application concept contributed to the rise of the minor metals sector on December 26. As of 13:09 on December 26, the minor metals sector rose by 2.3%. In terms of individual stocks: JL MAG Rare-Earth rose by 6.67%, China Tantalum rose by over 6%, while Boqian New Materials, Galaxy Magnets, Zhenghai Magnetic Material, Long Magnetic Technologies, and China Tungsten High-tech were among the top gainers.

[SMM Daily Review: Rare Earth Prices Remain Stable Amid Intense Back-and-Forth Negotiations Between Upstream and Downstream] Rare earth market prices were relatively stable today. According to SMM data, Pr-Nd oxide was quoted at 399,000-401,000 yuan/mt, while dysprosium oxide and terbium oxide remained at 1.59-1.6 million yuan/mt and 5.55-5.59 million yuan/mt, respectively.

[SMM Rare Earth Morning Meeting Summary: Suppliers' Firm Quotations, Limited Spot Cargo Circulation in the Market] Yesterday, rare earth oxide prices were relatively stable, suppliers' quotations remained firm, and the circulation of spot cargo in the market was limited; the activity of buyers' inquiries in the market remained relatively active, and low-priced sources were hard to find.

[December 25th SMM China Rare Earth Market Daily] Today, rare earth oxide prices gradually stabilized, with limited acceptance of high-priced raw materials from downstream buyers. High-priced transactions remained challenging, but suppliers maintained firm offers, and low-priced sources were hard to find. Metal factories followed the firm oxide quotations, but downstream magnetic material enterprises had low procurement volumes, and the trading atmosphere remained sluggish.

[American Rare Earths Advances Halleck Creek Project Development] According to Mining.com, American Rare Earths (ARE) announced that its wholly-owned subsidiary, Wyoming Rare, has secured a facility at the Western Research Institute (WRI) to advance its Halleck Creek rare earth project and enhance its operational capacity in the region.

Significant Gallium Mineralization Discovered at Caladao Rare Earth Mine in Brazil" Axel Rare Earths has encountered "significant" gallium mineralization during drilling at its Caladao rare earth project in Brazil.

According to data from the National Bureau of Statistics (NBS), the national elevator production in November 2023 was 128,000 units, compared to 134,000 units in the same period last year, representing a YoY decrease of 9.2%.

According to data from the National Bureau of Statistics (NBS), the national production of air conditioners in November 2024 reached 19.679 million units, marking a 27% increase compared to the same period last year.