[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Continue to Rise, Market Trading Activity Increases Significantly] Yesterday, the upward trend of rare earth oxides continued. Driven by the expectation of supply reduction and the procurement activities of major manufacturers, suppliers in the upstream sector continued to raise their quotes. The market inquiry activity was high, and most industry participants believed that the prices of rare earth oxides would continue to fluctuate upward and hold up well.

[SMM Rare Earth Daily Review: Rare Earth Prices Continue to Rise, Metal Market Transactions Under Pressure] Currently, rare earth market prices have risen significantly, primarily due to the sustained procurement by top-tier enterprises, which has boosted market bullish sentiment. Meanwhile, due to environmental protection efforts in Jiangxi Province, some separation plants have halted operations, leading to a tight supply in the oxide market. Combined with the concentrated procurement actions of top-tier enterprises, suppliers have raised their quotes one after another.

[SMM Rare Earth Morning Meeting Summary: The center of rare earth upstream trading volume rises, while the downstream market continues to wait and see] Last week, the enthusiasm for downstream inquiries significantly increased. The center of dysprosium oxide and Pr-Nd oxide trading volume slightly moved up, and the supply of low-priced goods tightened. However, metal factories had no strong intention to stock up, and the overall trading volume did not see a significant increase. Some industry players still maintained a wait-and-see attitude towards the future market of rare earths.

[SMM Rare Earth Daily Review: Rising Sentiment Drives Up Rare Earth Prices] Currently, rare earth market prices have seen a significant increase, primarily due to the influence of procurement by major leading manufacturers, which has driven up market sentiment. The supply of low-priced rare earth oxides in the market has rapidly tightened, and suppliers have raised their quotes.

[SMM Analysis: Scrap prices continue to fluctuate at highs, driving up procurement volume of scrap] In June, the procurement volume of NdFeB scrap increased significantly MoM, driving up the production of recovered oxides from scrap. This was mainly due to the continuous fluctuation of NdFeB scrap prices at highs in June.

[SMM Rare Earth Morning Meeting Summary: Rare Earth Oxide Prices Increase, Market Sentiment Leans Towards Wait-and-See] Yesterday, the inquiry activity in the rare earth market improved. Driven by the procurement of major manufacturers and news-related factors, suppliers raised their quotes for medium-heavy rare earths, and low-priced supplies quickly tightened. However, the prices of Pr-Nd remained relatively stable.