It was difficult to conclude transactions at high market prices, and rare earth prices dropped back slightly. [SMM Rare Earth Daily Review]

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SMM April 1 Report: The overall price trend in the rare earth market remained stable today. In the oxide market, the price of Pr-Nd oxide dropped to 441,000-443,000 yuan per mt; the price of dysprosium oxide remained stable at 1.65-1.67 million yuan per mt; the price of terbium oxide rose to 6.53-6.57 million yuan per mt; the price of gadolinium oxide fluctuated between 167,000-169,000 yuan per mt; the price of holmium oxide fluctuated within the range of 466,000-470,000 yuan per mt; the price of erbium oxide remained stable at 293,000-297,000 yuan per mt.

In the metal market, the price of Pr-Nd alloy decreased to 540,000-543,000 yuan per mt; the price of dysprosium-iron alloy remained at 1.61-1.62 million yuan per mt; the price of terbium metal remained stable at 8.08-8.12 million yuan per mt; the price of gadolinium-iron alloy stayed at 163,000-165,000 yuan per mt; the price of lanthanum-cerium alloy remained at 17,000-19,000 yuan per mt. The rare earth market once again showed a quiet state today, with high-priced transactions becoming increasingly difficult, leading to a slight drop in the price of Pr-Nd products. Market participants' sentiment remained cautious and conservative. The current market atmosphere seems to indicate a further wait-and-see trend, with trading activities appearing relatively sluggish.