Rare earth prices will continue to remain stable amid cautious sentiment

Published: Dec 6, 2024 18:14

Source: SMM

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This week, rare earth prices remained generally stable.

This week, rare earth prices remained generally stable. Ore supply was relatively abundant, with little change in quotes from separation plants, while quotes from metal plants slightly declined. Most industry insiders held a pessimistic outlook on the market, with some suppliers actively selling off to realize cash. Downstream purchases were mainly to meet basic needs, with low actual transaction willingness. Although orders for some magnetic material enterprises rebounded, overall market order growth remained limited, and market sentiment was still cautious. Based on the current market conditions, SMM forecasts that rare earth prices will continue to remain stable.

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