Japan to Launch World's First Sustained Deep-Sea Rare Earth Mud Trial Mining off Minamitorishima in 2026

[SMM Rare Earth Daily Review: Rare earth market prices continue to run in the doldrums, with limited actual transaction volume growth] Overall, the market today showed a divergent pattern of "oxides fully stable, metals alone declining": the Pr-Nd series has seen no changes for two consecutive days, while gadolinium, holmium, erbium, and other previously adjusted varieties have entered consolidation, with only dysprosium-iron alloy and terbium metal continuing to concede on price; the transaction side has yet to recover, with buyers and sellers still locked in a standoff at low levels, and metal producers' price concessions have brought only limited improvement in actual shipments. Downstream players are mainly engaged in price-comparison inquiries and just-in-time procurement, and the actual implementation of pre-holiday stockpiling remains the biggest variable at present.

[Pr-Nd and terbium both stop falling and stabilize, dysprosium series remains stable, magnetic material scrap continues to wait and see] Currently, although the supply of rare earth ion-adsorption ore in Southeast Asia has slightly recovered, oxide prices remain generally stable, and overall transaction prices for rare earth ore are in a stalemate.