SMM Rare Earth Afternoon Trading Comment on August 21

Published: Aug 21, 2026 17:24

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[SMM Rare Earth Afternoon Trading Comment] Ahead of the weekend, market trading sentiment was sluggish, and quotations and transactions in the Pr-Nd oxide market remained inactive for the time being; gadolinium oxide market quotations edged up along with Pr-Nd prices, downstream demand increased slightly, and low-priced supply tightened further; although inquiry activity in the Pr-Nd alloy market declined from yesterday, metal enterprises’ quotations were relatively firm, holding steady at 875,000-885,000 yuan/mt, with limited follow-up in actual transactions; inquiries in the ferro-gadolinium market increased, low-priced supply was hard to find, and prices were raised to 183,000-185,000 yuan/mt.

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