[SMM Rare Earth Daily Review: Rare earth prices show mixed performance, with strong wait-and-see sentiment downstream] Overall, after the previous rapid rise, the rare earth market has entered a phase of differentiated adjustment. Dysprosium and terbium pulled back from highs, holmium and erbium continued to make up gains, while Pr-Nd consolidated. Downstream actual purchasing pace remained cautious overall, with transactions in a stalemate. In the short term, Pr-Nd products are expected to continue moving sideways under the influence of stagnant market trading. Medium-heavy rare earth products are showing divergent trends: holmium and erbium are likely to hold up well supported by tight supply, while dysprosium and terbium consolidate at highs.

[Pr-Nd oxide afternoon gains narrow with a slight correction, metals stagnant with few transactions, magnetic material long-term contract deliveries squeeze spot orders] Currently, rare earth ion-adsorption ore supply in Southeast Asia has slightly declined compared with the earlier period, and oxide prices have begun to rise, with overall rare earth ore transaction prices starting to edge up.