[SMM Rare Earth Morning Meeting Summary: Prices of rare earths in the upstream market remain firm, with the overall market continuing to adopt a wait-and-see attitude] Last week, as the weekend approached, the price of Pr-Nd oxide experienced a slight rebound. According to some industry participants, with the Pr-Nd price falling to a low level and most suppliers being optimistic about the market outlook, it was difficult for prices to continue declining. The downstream purchase willingness strengthened, the activity of market inquiries improved somewhat, and suppliers slightly raised their quotes.

[SMM Rare Earth Weekly Review: Rare Earth Prices Pull Back Significantly, Transactions Remain Stagnant] Recently, the prices of light rare earths have shown a significant pullback trend amid weak downstream demand. It is understood that due to the influence of news factors in the early stage, some traders' speculation led to a rapid increase in the price of Pr-Nd oxide. However, the downstream demand side did not show significant improvement, making it difficult to accept high-priced raw materials, which consequently caused the price of Pr-Nd to start declining this week.

[SMM Weekly Review of Recycled Rare Earths: Rare Earth Scrap Prices Remain High, Market Trading Active] This week, the scrap market maintained a stable state at persistently high prices. Last Friday, due to the continuous tightening of low-priced ore supplies at the mining end, separation enterprises faced difficulties in procurement, leading to a continuous rise in oxide costs. Coupled with market speculation about favorable policy news, this boosted the oxide market prices, driving the scrap market prices to continue rising.

[SMM Rare Earth Daily Review: Overall Trading Sluggish, Rare Earth Prices Continue to Decline] Currently, rare earth market prices continue to decline slightly. The orders of downstream magnetic material enterprises have not shown significant improvement, making it difficult for enterprises to accept high-priced metals. In addition, some enterprises still have inventory support, further suppressing the activity of market transactions, with low activity in both offers and inquiries. Affected by this, the prices of metals and oxides have both declined.