Prices of SMM mainstream rare earth permanent magnets

[SMM Rare Earth Weekly Review: Rare earth market in the doldrums, Pr-Nd and medium-heavy rare earth both pull back] Pr-Nd oxide price reported at 728,000-730,000 yuan/mt, stable early in the week then weakening, supply side saw suppliers' quotes gradually lowered from mid-week, with more low-price offers, factory quotes relatively firm, only some suppliers selling at concessions; demand side, downstream order growth limited, purchases mainly at dips, actual deals favoring low-priced spot cargo, with actual volumes constrained.

[SMM Rare Earth Daily Review: Rare earth market prices in the doldrums, downstream remains on the sidelines] Overall, today's decline narrowed significantly from yesterday. Pr-Nd oxides were the first to stop falling, while metals only eased slightly. Terbium, dysprosium, gadolinium, and other varieties that had fallen sharply earlier moved into consolidation. Trading activity showed no clear recovery, with buyers and sellers still locked in a standoff at low levels. Actual transaction centers edged lower, and the market was dominated by sporadic restocking and delivery of previous orders. In the short term, whether Pr-Nd prices can stabilize and rebound hinges on whether magnetic material enterprises can convert pre-holiday restocking inquiries into actual orders. If orders remain elusive, Pr-Nd product prices may consolidate on a subdued note within a narrow range.