December 26 News:
Rare Earth Ore:
During the week, rare earth ore prices remained firm as the resumption of Myanmar ore imports continued to be delayed, with no specific timeline for recovery. Suppliers showed increased reluctance to sell.
Rare Earth Oxides:
This week, lanthanum oxide prices remained stable at 3,800-4,200 yuan/mt, while cerium oxide prices continued to rise to 7,600-8,000 yuan/mt. Throughout the week, rare earth oxide prices overall showed signs of bottoming out. Pr-Nd prices, after falling below 390,000 yuan/mt, saw a significant increase in inquiries from downstream buyers, prompting suppliers to raise their quotations, with low-priced supplies tightening quickly. However, considering the moderate order-taking situation downstream, rare earth raw material prices are unlikely to see substantial increases. Yttrium oxide prices remained stable this week at 40,000-43,000 yuan/mt.
Rare Earth Metals:
In the metals segment, prices also remained firm this week. Although there were tenders from major magnetic material enterprises, the tender prices were not high, and downstream buyers stockpiled only limited quantities, showing low acceptance of high prices.
Rare Earth Permanent Magnets:
Currently, some magnetic material enterprises have continued production during the holiday period and have recently stockpiled metal raw materials. However, given the pessimistic outlook on rare earth prices after the holiday, the market's stockpiling sentiment remains subdued.
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