August 7 SMM Rare Earth Afternoon Transaction Comment

[SMM Rare Earth Afternoon Transaction Comment] Quotation and inquiry activity in the rare earth oxide market was not high. Most market participants lacked confidence in the future market of Pr-Nd oxide, and downstream had a strong wait-and-see sentiment. As the weekend approached, the market trading atmosphere became more sluggish. In the Pr-Nd alloy market, inquiry activity in the afternoon remained scarce. Metal enterprises lowered their quotes to 880,000-890,000 yuan/mt, with a small amount of transactions completed at 888,000 yuan/mt, but the inquiry prices from magnetic material enterprises were still low. In the gadolinium iron market, inquiry activity also remained scarce. High-priced transactions were difficult, and quotes were lowered to 190,000-193,000 yuan/mt.