SMM Rare Earth Afternoon Trading Comment for September 4

[SMM Rare Earth Afternoon Transaction Comment] In the afternoon, Pr-Nd oxide prices moved down slightly. Suppliers held firm quotes with limited room for concessions, while downstream buyers made small-volume restocking purchases as needed, keeping actual transaction volumes constrained. Gadolinium oxide prices remained stable in the afternoon, with buyers and sellers locked in a standoff and overall trading performance unremarkable. The Pr-Nd alloy market saw average trading activity in the afternoon. Metal producers maintained relatively firm quotes supported by raw material costs, but downstream magnetic material enterprises showed limited enthusiasm for inquiries, and the market was dominated by a strong wait-and-see sentiment. Gadolinium-iron prices continued to run steadily in the afternoon, with subdued trading activity in the market.