US Rare Earth Company Partners with Canadian SRC to Build $40M Heavy Rare Earth Metal Facility

[SMM Recycled Rare Earth Weekly Review: Ore Prices Edge Up, Pr-Nd Consolidates in Stalemate, Scrap Rises Then Stabilizes] Overall, this week, scrap Pr-Nd prices edged up before holding steady. Suppliers held back from selling and adopted a wait-and-see stance, while recycling enterprises cautiously chased higher prices only for rigid demand, resulting in stagnant actual transactions. In the short term, with the tug-of-war between upstream and downstream persisting, scrap Pr-Nd prices are expected to move sideways within a narrow range.

[SMM Rare Earth Weekly Review: Mine prices edge up slightly, Pr-Nd consolidates, medium-heavy rare earth diverges] Lanthanum oxide was quoted at 5,200-5,800 yuan/mt, flat on the week; cerium oxide was quoted at 14,000-14,500 yuan/mt, flat on the week; Pr-Nd oxide was quoted at 728,000-732,000 yuan/mt, rising overall on the week. Early in the week, driven by futures prices stopping falling and rebounding, spot suppliers strengthened their willingness to hold prices firm and raised their quotes, tightening low-priced supply in the market and prompting a slight price rebound. Subsequently, as futures weakened, wait-and-see sentiment in the market intensified, and suppliers' resolve to hold prices firm loosened, with quotes undergoing a slight correction. However, plant quotes remained firm and low-priced supply was hard to find. Downstream enterprises were cautious in inquiries and procurement, and with quarterly locked-price long-term contract deliveries underway, spot order procurement volumes pulled back noticeably, leaving actual transactions in a stalemate.