SMM China Rare Earth Market Daily on January 7

Published: Jan 7, 2025 17:46

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[January 7 SMM China Rare Earth Market Daily] Today, under the severe losses in the raw material costs of Pr-Nd alloy, buyers' sentiment to rush to buy amid continuous price rise has declined, and the price of Pr-Nd oxide dropped back slightly. However, the prices of dysprosium and terbium products remained relatively firm, with overall inquiry and transaction conditions being relatively good. Metal plants mainly quoted based on oxides, and there has been no significant improvement in market inquiry and transaction conditions.

SMM January 7 News: Today, under the condition of severe losses in the raw material costs of Pr-Nd alloy, buyers' sentiment to rush to buy amid continuous price rise has declined, and the price of Pr-Nd oxide dropped back slightly. However, the prices of dysprosium and terbium products remained relatively firm, with overall inquiry and transaction conditions being relatively good. Metal plants mainly quoted based on oxides, and there has been no significant improvement in market inquiry and transaction conditions.

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