Aldoro Resources Expands Rare Earth Resources at Kameelburg Project, Aims for Hong Kong Listing

[Major producer purchases boost Pr-Nd further, dysprosium stable while terbium weak] Yesterday, Pr-Nd oxide was driven by news of major producer purchases, with offers continuing to rise. Some metal enterprises made small restocking purchases, and the actual transaction price center moved upward. Dysprosium oxide entered a wait-and-see phase after the previous round of adjustments, with quotes unchanged, limited inquiries in the market, and spot transactions supported only by sporadic rigid demand. Terbium oxide quotes fell further, sellers still made concessions on shipments, high-priced offers lacked response, and the transaction center hovered near the low end.

[SMM Rare Earth Daily Review: Rare earth prices diverge, with Pr-Nd rising continuously while medium-heavy rare earth remains in the doldrums] Overall, today's rare earth market showed a divergent pattern of "Pr-Nd prices raised while medium-heavy rare earth prices remained in the doldrums." In terms of transactions, the higher quotes did not simultaneously ignite buying interest. Downstream magnetic material enterprises remained largely in a wait-and-see mood, mainly purchasing on a rigid demand basis, and the actual negotiation center between buyers and sellers still had a gap. In the short term, although downstream magnetic material enterprises' rigid stocking demand emerged as the holiday approaches, their capacity to accept high-priced metals is limited, and Pr-Nd product prices may move sideways in a narrow range.