[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, trading in the Pr-Nd oxide market was sluggish, and its quotations remained within the range of 718,000-720,000 yuan/mt; gadolinium oxide quotations were also relatively stable, and market conditions saw relatively small changes; trading in the Pr-Nd alloy market remained in a stalemate, with metal enterprises' quotations firm and stable at 870,000-875,000 yuan/mt; inquiry activity in the GdFe market did not increase significantly, and prices remained stable at 183,000-185,000 yuan/mt.
![Bao Gang United Steel and China Northern Rare Earth Q4 rare earth concentrates transaction prices edge up QoQ; how will the market perform going forward? [SMM Commentary]](https://imgqn.smm.cn/usercenter/FHiZE20251217171722.jpeg)


