[SMM Rare Earth Morning Meeting Summary: Rare earth market in the doldrums, wait-and-see sentiment may persist] Prices of rare earth oxides are generally weak, and market transactions remain sluggish. According to market information, most separation plants are maintaining firm quotes, but some traders in the market are offering low-priced goods. Buyers are cautiously waiting and watching, and the trading atmosphere is poor.

[SMM Commentary: General Administration of Customs Issues Announcement on Querying Suspected Controlled Goods Without Certificates] On June 16, the General Administration of Customs issued an announcement regarding matters related to customs queries on the export control of dual-use items. It requires customs to implement query procedures for suspected controlled item exports without certificates. Enterprises are required to submit supporting materials such as contracts and technical reports within 7 working days, during which the goods will not be released.

[SMM Rare Earth Daily Review: Just-in-Time Procurement Dominates, Rare Earth Prices Remain Stable] Currently, the overall price of the rare earth market remains stable. Due to the lack of improvement in end-use demand, the order-taking situation of downstream magnetic material enterprises is average. Most enterprises adopt a just-in-time procurement strategy, and market inquiries are also average. However, as metal prices have reached a low level, the actual trading volume has improved WoW. Influenced by the support of oxide prices, the metal market is unlikely to experience significant downward adjustments in the short term.

[SMM Rare Earth Morning Meeting Summary: Limited Transactions in the Upstream Rare Earth Market, Overall Market Stable] The market prices of rare earth oxides are generally stable, with limited transactions for Pr-Nd oxide and dysprosium oxide. However, the terbium oxide market is relatively sluggish. Most suppliers are offering firm quotes, but metal companies are reluctant to purchase high-priced oxides due to losses in raw material costs.

[SMM Rare Earth Daily Review: Market Transactions Recover, Rare Earth Prices Stop Falling and Stabilize] Currently, the overall prices in the rare earth market remain stable. The metal market, influenced by the tender activities of major magnetic material manufacturers, has played a stabilizing role in market prices, leading to a recovery in market transactions in the oxide market and a slight rise in prices.

[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.