Last week, rare earth prices continued to fall. Due to price instability, market participants mostly adopted a wait-and-see attitude. Both buyers and sellers showed sluggish purchase appetites, leading to a stalemate in the market. The downward trend of rare earth oxides and the lower-than-expected downstream magnet material orders had a negative impact on the rare earth market, resulting in fewer rare earth metal quotations.
Currently, the rare earth market faces multiple challenges, including lower prices, trading difficulties, and a lack of market confidence. SMM expects that rare earth prices will extend declines to some extent in the short term.
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