August 4 SMM Rare Earth Afternoon Trading Comment

[SMM Rare Earth Afternoon Transaction Comment] Quoting activity for Pr-Nd oxide is low, some traders continue to sell at low prices, and purchase willingness of downstream metal plants remains poor; quotes for gadolinium oxide are as low as 207,000 yuan/mt, and some metal plants indicate their intended price is 205,000 yuan/mt; inquiries in the Pr-Nd alloy market remain sluggish, and though quotes from metal enterprises are relatively firm, actual transaction performance is poor, with a stalemate in the tug-of-war between upstream and downstream; inquiry activity in the gadolinium-iron alloy market remains scarce, and quotes further decline to 195,000–200,000 yuan/mt.