[SMM Rare Earth Weekly Review: Active Restocking Purchases in Downstream Sector Keep Pr-Nd Prices Holding Up Well] The price of Pr-Nd oxide followed a pattern of rising first and then dropping back slightly this week. Due to environmental assessments and quota restrictions, some separation plants suspended production in December, which is expected to lead to a significant tightening in the supply of Pr-Nd oxide. Against the backdrop of an already tight supply-demand balance for Pr-Nd oxide, suppliers grew more confident about the future market, rapidly driving offers up to 600,000 yuan/mt. However, given insufficient follow-through from downstream buyers and difficulty in concluding transactions at high prices, the price of Pr-Nd oxide pulled back slightly to 585,000-590,000 yuan/mt.

This week, the global rare earth market was characterized by two main themes: "policy-driven" and "supply chain restructuring." Countries such as India, Malaysia, and the European Union strengthened their domestic capacity through industrial policies, while the US promoted self-sufficiency in key sectors through national defense investments. Resource-rich nations like Kazakhstan seized the opportunity to enhance their positions in the supply chain.

[SMM Rare Earth Weekly Review: Downstream Restocking Purchases Active, Pr-Nd Prices Hold Up Well] Pr-Nd oxide prices held up well overall this week, as downstream buyers concentrated on restocking, boosting market confidence among upstream suppliers, leading to widespread price increases and making low-priced supplies difficult to find. However, at the same time, some metal plants still believe that Pr-Nd oxide prices are unlikely to see a significant rise later this year, and purchasing intensity has not noticeably increased.

[SMM Rare Earth Weekly Review: Pr-Nd Prices Continue to Rise Amid Strong Downstream Wait-and-See Sentiment] Pr-Nd oxide prices showed an overall recovery trend this week. Influenced by news factors, downstream purchase willingness improved. According to feedback from separation enterprises, as Pr-Nd oxide prices fell to relatively low levels, inquiries and procurement volume from metal plants increased significantly WoW. Suppliers took the opportunity to raise offers, and low-priced supplies tightened rapidly. As of today, Pr-Nd oxide prices rose to 553,000-557,000 yuan/mt.

This week, the core developments in the overseas rare earth industry focused on three major areas: supply chain restructuring, breakthroughs in key projects, and deepening international cooperation. European and American enterprises accelerated the construction of a non-China-dependent rare earth supply chain through strategic agreements and capacity expansion. Meanwhile, the Greenland deep-sea mining project achieved critical progress, further promoting the diversification of the global rare earth landscape.

[SMM Rare Earth Weekly Review: Insufficient Market Confidence in the Post-Market Leads to Continued Weakness in Rare Earth Prices] Pr-Nd oxide prices showed an overall downward trend this week. Affected by news-driven factors, suppliers' expectations for the post-market performance of Pr-Nd oxide declined significantly. Some traders actively offered goods at lower prices, while downstream buyers, guided by the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, showed reduced purchase willingness. Actual transaction volumes for Pr-Nd oxide were poor. As of today, Pr-Nd oxide prices pulled back to 541,000-544,000 yuan/mt.

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This week, the biggest highlight in the overseas rare earth sector was the consensus reached by the White House during the Kuala Lumpur economic and trade consultations between China and the United States, as well as China's response. Beyond this development, as countries continue to explore the rare earth industry chain, what progress have other nations and enterprises made? Let’s take a look in this review.