SMM reported that the rare earth oxide market continued its upward trend on July 23. Mainstream quotations for Pr-Nd oxide ranged from 495,000 to 497,000 yuan/mt, with an average price of 496,000 yuan/mt, up 17,000 yuan/mt MoM. Quotations for Pr oxide ranged from 513,000 to 518,000 yuan/mt, with an average price of 515,500 yuan/mt, up 28,000 yuan/mt MoM. Quotations for Nd oxide ranged from 498,000 to 500,000 yuan/mt, with an average price of 499,000 yuan/mt, up 15,000 yuan/mt MoM. Notably, as of the time of reporting, the spot cargo transaction price for some Pr-Nd oxide separation plants had reached 502,000 yuan/mt, which translates to a metal cost of approximately 620,000 yuan/mt