[SMM Rare Earth Morning Meeting Minutes] Firm Pr-Nd oxide quotations supported a recovery in metals; magnetic material orders improved significantly, while scrap followed the price rise and remained on the sidelines
[Pr-Nd Oxide Quotes Remained Firm, Supporting a Recovery in Metals; Magnetic Material Orders Improved Significantly; Scrap Followed the Uptrend While the Market Waited and Watched] At present, the overall circulation frequency of rare earth ore remained poor, market trading was in a stalemate, and weaker oxide prices led to a downward shift in the center of actual transaction prices for rare earth ore.