[SMM Weekly Review of Recycled Rare Earths: Scrap Prices Fluctuate Greatly, Purchasing Affected by Reluctance to Sell] This week, scrap market prices fluctuated greatly, showing an overall upward trend. At the beginning of this week, influenced by the rapid rise in oxide market prices, scrap suppliers held high expectations for future prices, and the sentiment of reluctance to sell continued to spread. Recycling enterprises had to raise their quotes to ensure that scrap recycling was not affected by the reluctance to sell. However, as oxide market prices pulled back, recycling enterprises became cautious about purchasing at high prices, leading to scrap prices jumping initially and then pulling back.

[SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuate Significantly, with Strong Wait-and-See Sentiment in the Market] This week, the price of Pr-Nd oxide fluctuated frequently. Driven by speculation on upstream news factors at the beginning of the week, the price of Pr-Nd surged significantly. Meanwhile, the market's fear of high prices gradually emerged, and traders began to sell, leading to a brief jump initially and then pull back in the price of Pr-Nd oxide. However, most industry participants remained bullish on the future market. With the gradual increase in downstream purchase willingness, the price of Pr-Nd rose rapidly again towards the end of the week.

[SMM Daily Rare Earth Review: Market Confidence Boosted, Pr-Nd Prices Rise Significantly] Currently, rare earth market prices have risen significantly, mainly concentrated in the light rare earth market. The auction sales results of China Northern Rare Earth today showed that all alarm prices were fully transacted. As auction prices continue to rise, most industry participants are optimistic about downstream demand expectations, boosting market confidence and further driving up spot market quotes. Metal market prices have adjusted in line with the rise in oxide prices, with the market primarily engaging in tentative inquiries and fewer actual transactions, indicating a strong wait-and-see sentiment.

[SMM Rare Earth Morning Meeting Summary: The rare earth market is operating strongly and steadily, with downstream players continuing to wait and see] Yesterday, the price of Pr-Nd oxide fell again, but suppliers remained firm in their quotations. Buyers had a strong wait-and-see sentiment. Although the price of Pr-Nd oxide remained strong, actual transactions in the market were still sluggish. The prices of medium-heavy rare earths remained relatively stable, with low activity in market inquiries.

[SMM Rare Earth Daily Review: Rare Earth Prices Run Steadily with Market Transactions Recovering] Currently, rare earth market prices are running steadily. This is mainly because yesterday afternoon, transactions in the oxide market were difficult, and suppliers continued to lower their quotes. As oxide prices continued to fall, overall market transactions recovered, and actual transactions returned to normal. Meanwhile, China Northern Rare Earth publicly bid to sell Pr-Nd alloy, providing price support for the rare earth market, and oxide market prices stopped falling and stabilized.

[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Jump Initially and Then Pull Back, Downstream Maintains Cautious Procurement] Yesterday, under the combined influence of fear of high prices and the willingness to sell from large manufacturers, the price of Pr-Nd oxide jumped initially and then pulled back. The willingness to sell among suppliers increased somewhat, but downstream buyers still maintained a strong wait-and-see sentiment, and market trading activity remained sluggish.

[SMM Daily Rare Earth Review: Rare Earth Prices Jump Initially and Then Pull Back, with Strong Wait-and-See Sentiment in the Market] Currently, rare earth market prices have jumped initially and then pulled back, mainly in the light rare earth market. Affected by the rapid rise in the oxide market yesterday, downstream orders are insufficient to support such high-priced Pr-Nd products. Market purchasing enthusiasm is low, and overall trading in the market is sluggish, with strong wait-and-see sentiment. Market transactions are difficult. Some suppliers have actively lowered their quotes due to fear of high prices, testing market sentiment.