[SMM Analysis: Post-Chinese New Year Holiday, Rare Earth Market Remains Sluggish—What Lies Ahead for the Market?] After the Chinese New Year holiday, the rare earth market is still immersed in the festive atmosphere. Although today marks the eighth day of the Lunar New Year, and most rare earth-related enterprises have resumed normal operations and restarted work, market trading activities have not picked up accordingly.

[SMM Rare Earth Morning Meeting Summary: Post-Holiday Resumption, Low Market Trading Activity] Today, most suppliers exhibited a strong sentiment of caution, with low activity in market quotations and inquiries. Rare earth oxide prices showed no significant changes.

China Rare Earth disclosed its 2024 annual performance forecast on the evening of January 17, projecting a net profit attributable to shareholders loss of 267 million yuan to 357 million yuan, compared to a profit of 418 million yuan in the same period last year. The net profit excluding non-recurring gains and losses is expected to record a loss of 135 million yuan to 190 million yuan, compared to a profit of 247 million yuan in the same period last year. Basic earnings per share are estimated to range from -0.2519 yuan/share to -0.3367 yuan/share.

[SMM Commentary: Mountain Pass Initiates NdFeB Trial Production as Foreign Rare Earth Industry Chain Gradually Improves] According to the "Northern Miner" website, MP Materials recently announced that its independent facility in Texas has commenced commercial production of Pr-Nd alloy and initiated trial production of NdFeB magnets.

[SMM Analysis: Slight Decline in Magnetic Material Production in January, What Is the Post-Holiday Market Trend?] In January 2025, the domestic production of NdFeB magnetic materials decreased by approximately 8% compared to the previous month. According to an SMM survey, at the beginning of January, due to some pre-holiday stockpiling orders from downstream markets, magnetic material enterprises actively ramped up production to fulfill these orders, with production enthusiasm reaching a peak.

[New Carbonatite-Type Mineralization Discovered at Brazil's PCH Rare Earth Mine] According to Mining.com, Appia Rare Earths & Uranium Corp. announced that drilling at its Cachoeirinha (PCH) project in Goiás, Brazil, has confirmed the presence of high-grade rare earth carbonate breccia ore bodies.

[Brazil's Colossus Rare Earth Ore Resources Increase by 150%] Viridis Mining & Minerals has updated the resource estimate for its Colossus project in Minas Gerais. Currently, the project's ore resources amount to 493 million mt, with a total rare earth oxides (TREO) grade of 0.2508%.

[Progress of the Monte Alto Rare Earth Mine Project in Brazil] The Monte Alto project of Brazil Rare Earths has revealed high-grade mineralization. The total rare earth oxides grade reached as high as 45.7%, niobium oxide grade 1.7%, scandium oxide grade 0.0382%, tantalum oxide grade 0.0962%, and uranium grade 0.5781%.

[MP Materials Begins Production of Rare Earth Products] According to the Northern Miner website, MP Materials announced on Wednesday that its independent facility in Texas has commenced commercial production of Pr-Nd alloy and has started trial production of NdFeB magnets.

[China Northern Rare Earth: Pr-Nd and Other Rare Earth Products Fluctuate Downward, 2024 Net Profit Expected to Decline 54.41%-59.9% YoY] The 2024 performance forecast released by China Northern Rare Earth on January 23 shows that, based on preliminary estimates by the company's financial department, the net profit attributable to shareholders of the parent company for 2024 is expected to reach 9.5 billion to 10.8 billion yuan, a YoY decrease of 54.41%-59.90%. Regarding the main reasons for the profit decline in this period, China Northern Rare Earth stated that in 2024, due to factors such as weak global economic growth and lower-than-expected downstream demand growth affecting market supply and demand dynamics, the prices of major rare earth products, represented by Pr-Nd products, generally showed a fluctuating downward trend, with average prices declining YoY.