NewsFlash / Rare Earth / SMM Daily: Weak Transportation, Declining Medium-Heavy Rare Earth Market
SMM Daily: Weak Transportation, Declining Medium-Heavy Rare Earth Market
iconNov 19, 2024 17:52
Source:SMM
[November 19 SMM China Rare Earth Market Daily] Currently, the rare earth market remains weak in transportation. The delayed reopening of Myanmar mines has not provided a boost to the rare earth market. The medium-heavy rare earth market continues to decline, but separation plants are unwilling to sell at very low prices. Some trading companies are selling at low prices, resulting in relatively low actual trading volume in the market. Metal plants continue to lower their quotations for oxides, and magnetic material enterprises are not receiving many orders. Most market participants have low expectations for the future, and market inquiry and transaction activity is sluggish amid the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn.

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