[SMM Rare Earth Weekly Review: Market Bullish Expectations Persist, Rare Earth Prices Fluctuate Upward] This week, the price of Pr-Nd oxide continued to rise rapidly. According to market feedback, the current supply of Pr-Nd oxide is tightening, and market bullish sentiment is high. With suppliers offering firm quotes, it is difficult to find low-priced goods in the market. Meanwhile, downstream orders have also increased, and the demand for rare earths has grown to a certain extent compared to before. With the aggravation of the supply-demand mismatch, the price of Pr-Nd also continued to hold up well.

In July, the price of Pr-Nd alloy continued to rise, climbing from an average price of 545,000 yuan/mt on July 3 to 635,000 yuan/mt on July 28, representing a monthly increase of over 16% and marking the highest annual increase since 2011.

[SMM Rare Earth Weekly Review: Rare Earth Prices Continue to Rise with Strong Market Bullish Sentiment] This week, the price of Pr-Nd oxide saw a significant increase. It is understood that due to the impact of Kachin's relevant announcements on rare earth ore mining and the news that rare earth metal ore imports reached zero in June, most industry players expect a tightening of subsequent market supply. At the same time, there has been a noticeable increase in demand from downstream metal end-users, driving up the prices of Pr-Nd products across the board.

[SMM Weekly Review of Recycled Rare Earths: Scrap Prices Fluctuate Greatly, Purchasing Affected by Reluctance to Sell] This week, scrap market prices fluctuated greatly, showing an overall upward trend. At the beginning of this week, influenced by the rapid rise in oxide market prices, scrap suppliers held high expectations for future prices, and the sentiment of reluctance to sell continued to spread. Recycling enterprises had to raise their quotes to ensure that scrap recycling was not affected by the reluctance to sell. However, as oxide market prices pulled back, recycling enterprises became cautious about purchasing at high prices, leading to scrap prices jumping initially and then pulling back.

[SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuate Significantly, with Strong Wait-and-See Sentiment in the Market] This week, the price of Pr-Nd oxide fluctuated frequently. Driven by speculation on upstream news factors at the beginning of the week, the price of Pr-Nd surged significantly. Meanwhile, the market's fear of high prices gradually emerged, and traders began to sell, leading to a brief jump initially and then pull back in the price of Pr-Nd oxide. However, most industry participants remained bullish on the future market. With the gradual increase in downstream purchase willingness, the price of Pr-Nd rose rapidly again towards the end of the week.

[SMM Daily Rare Earth Review: Market Confidence Boosted, Pr-Nd Prices Rise Significantly] Currently, rare earth market prices have risen significantly, mainly concentrated in the light rare earth market. The auction sales results of China Northern Rare Earth today showed that all alarm prices were fully transacted. As auction prices continue to rise, most industry participants are optimistic about downstream demand expectations, boosting market confidence and further driving up spot market quotes. Metal market prices have adjusted in line with the rise in oxide prices, with the market primarily engaging in tentative inquiries and fewer actual transactions, indicating a strong wait-and-see sentiment.

[SMM Rare Earth Morning Meeting Summary: The rare earth market is operating strongly and steadily, with downstream players continuing to wait and see] Yesterday, the price of Pr-Nd oxide fell again, but suppliers remained firm in their quotations. Buyers had a strong wait-and-see sentiment. Although the price of Pr-Nd oxide remained strong, actual transactions in the market were still sluggish. The prices of medium-heavy rare earths remained relatively stable, with low activity in market inquiries.