[SMM Analysis: Rush to Transport Inventory Ore Before Rainy Season Leads to Surge in Imports of Unlisted Rare Earth Oxides in May] According to the feedback from miners, during the period when Myanmar's mines just resumed operations in April, there was a significant amount of local inventory ore in Myanmar. As the end of Q2 and the beginning of Q3 each year mark the local rainy season, miners were concerned that adverse weather conditions would hinder the transportation of ion-adsorption ore to China. Consequently, they expedited transportation in April-May, leading to a surge in imports of unlisted rare earth oxides during this period. It is anticipated that these imports will decline in June-July.

[SMM Rare Earth Morning Meeting Summary: Slow Recovery in Rare Earth Upstream Trading Due to Multiple Factors] Under the combined influence of news factors and procurement by major manufacturers, the confidence of suppliers has significantly improved, with quoted prices rising. The inquiry activity of downstream buyers has also increased, and the overall prices of rare earth oxides have begun to recover.

[Live: Global New Energy Vehicles & China's Low-Altitude Economy Outlook, Analysis of Electric Drive Metal Prices, Sharing of Innovative Technologies for Motor Materials] ►Analysis and Future Outlook of the Global New Energy Vehicle Market ►Development and Outlook of China's Low-Altitude Economy ►Development Opportunities and Challenges of Low-Altitude Electric Aircraft ►Industrialisation Breakthrough of Ultra-Thin Soft Magnetic Materials for High-Efficiency Drive Motors ►Price and Cost Analysis of Electric Drive Metal Materials

[SMM Weekly Review of Recycled Rare Earths: Rare Earth Scrap Prices Show a Slightly Weak Trend with Reduced Market Circulation] This week, the scrap market prices showed a trend of dropping slightly. The main reason was the downward adjustment of oxide market prices, which led recycling enterprises to correspondingly lower their scrap quotes. Meanwhile, due to the weakening scrap prices, the willingness to sell of magnetic material enterprises was not high, resulting in a reduction in the circulation of scrap in the market.

[SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuate Rangebound, Market Activity Declines] Recently, the overall price fluctuation range of light rare earths has been relatively small. The price of Pr-Nd oxide has mainly fluctuated rangebound. Suppliers have maintained firm quotes amid relatively high raw material prices, and factories have shown low willingness to sell at low prices. For medium-heavy rare earths, due to the impact of export controls, the demand for medium-heavy rare earth oxides has significantly decreased recently. The market trading atmosphere has been sluggish, and the prices of dysprosium oxide and terbium oxide have been in the doldrums overall.

[SMM Rare Earth Daily Review: Bipolar Differentiation in Rare Earth Market, Prices Fluctuate Rangebound] Currently, the rare earth market prices are showing a bipolar differentiation, fluctuating rangebound. This is mainly reflected in light rare earths, where the prices of Pr-Nd products have recovered due to restocking purchases by magnetic material enterprises. In contrast, for heavy rare earths, due to weak demand, the overall purchasing center of the market revolves around the light rare earth market, with slowed purchasing of heavy rare earths and low activity in offers and inquiries.

[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Stabilize with a Slight Decline, Upstream and Downstream Manufacturers Continue to Wait and See] Overall, rare earth oxide prices remain slightly in the doldrums. Upstream separation plants are not actively offering goods, and some traders are still selling at low prices. Overall, Pr-Nd prices are gradually stabilizing driven by purchases from large manufacturers, but medium-heavy rare earth oxide prices remain in the doldrums due to poor demand.