[SMM Rare Earth Morning Meeting Summary: Sluggish Market Transactions, Prices Decline Slightly] Yesterday, the rare earth oxide market remained sluggish, with separation enterprises maintaining firm quotations supported by costs. Downstream procurement enthusiasm was low, and most industry players adopted a wait-and-see attitude towards the future development of rare earths, with transactions being more cautious.

[SMM Rare Earth Daily Review: Rare Earth Prices Drop Slightly Amid Weak Demand] Currently, rare earth market prices are showing a divergent trend. Specifically, prices in the light rare earth market remain stable, while the medium-heavy rare earth market continues to drop slightly. In the light rare earth market, the reduction of low-priced supplies has led separation plants to intend to maintain stable prices. In the medium-heavy rare earth market, due to weak end-use demand, most magnetic material enterprises have adopted a strategy of inquiring about prices and purchasing on a need-by-need basis.

[SMM Rare Earth Morning Meeting Summary: Sluggish End-use Demand Leads to Slight Decline in Market Prices] Yesterday, prices of rare earth oxides continued to decline slightly. Factories were not very active in offering goods, while the purchasing atmosphere in the downstream sector remained sluggish. Some traders took the initiative to lower prices to sell their goods, leading to a downward shift in the center of the overall market transaction prices.

[SMM Rare Earth Daily Review: Rare Earth Prices Drop Slightly Amid Weak Demand] Currently, rare earth market prices are showing a slight downward trend. This is primarily due to the lack of improvement in end-use demand and the NdFeB industry entering the off-season, resulting in no significant increase in order intake for magnetic material enterprises and a slightly sluggish overall market sentiment. Market trading is mediocre, with some traders choosing to lower their quotes to test market reactions. However, actual trading volume remains limited, and there is a strong sentiment of wait-and-see.

[SMM Rare Earth Morning Meeting Summary: Sluggish Market at the Beginning of the Week, Rare Earth Prices Remain Stable] The market was sluggish at the beginning of the week. Metal plants showed relatively low enthusiasm in offering quotes yesterday, and the atmosphere for inquiries and purchases from downstream buyers was also sluggish. Market trading activity was low, with intense back-and-forth negotiations between upstream and downstream. It is expected that the price fluctuations of rare earth raw materials will be relatively small in the near future.