Latest Update in the SMM Concentrate Market

[SMM Rare Earth Morning Meeting Summary: Peak Demand Temporarily Ended, Rare Earth Market Generally Stable] Yesterday, the prices of rare earth oxides were generally stable, with only the price of dysprosium oxide still showing a certain increase. Demand side, the losses in raw material costs for metal plants were relatively severe, making it difficult to close deals for high-priced oxides. It is expected that the prices of oxides will continue to fluctuate rangebound in the short term.

[SMM Rare Earth Daily Review: Prices Remain Stable, Trading in Rare Earth Market Slows Down] Currently, the rare earth market is operating steadily, mainly affected by the slowdown in market trading. In the light rare earth market, influenced by the previous concentrated tenders from major magnetic material enterprises, the supply of low-priced goods has rapidly decreased. Meanwhile, orders from downstream magnetic material enterprises have rebounded somewhat, and they are actively stockpiling and concentrating procurement of Pr-Nd alloy. However, as the concentrated procurement period concludes, market transactions tend to slow down, and wait-and-see sentiment has significantly increased.

[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Continue to Rise, Overall Running Strong and Stable] Yesterday, driven by the continuous procurement from major manufacturers, suppliers remained firm in their quotes for dysprosium oxide. The price of Pr-Nd oxide also continued to rise due to the increased activity in downstream inquiries and procurements. However, the market enthusiasm for terbium oxide was relatively low, and its price fluctuations were also relatively small.

[SMM Rare Earth Daily Review: Medium-heavy Rare Earth Price Increases Slow Down, While Light Rare Earth Prices Continue to Rise] Currently, rare earth market prices are showing a slight upward trend, but the price increases have slowed down today. This is mainly reflected in the weakening price increases in the medium-heavy rare earth market. Affected by export controls, downstream magnetic material enterprises have relatively stable demand for medium-heavy rare earths, with most enterprises focusing their procurement efforts on light rare earths, resulting in relatively ordinary actual transactions in the medium-heavy rare earth market. Additionally, as major manufacturers have slowed down their procurement of medium-heavy rare earth oxides, the overall market demand is weak, leading to a slowdown in price increases.

[SMM Rare Earth Morning Meeting Summary: Rare Earth Prices Continue to Rise, Market Trading Activity Increases Significantly] Yesterday, the upward trend of rare earth oxides continued. Driven by the expectation of supply reduction and the procurement activities of major manufacturers, suppliers in the upstream sector continued to raise their quotes. The market inquiry activity was high, and most industry participants believed that the prices of rare earth oxides would continue to fluctuate upward and hold up well.

[SMM Rare Earth Daily Review: Rare Earth Prices Continue to Rise, Metal Market Transactions Under Pressure] Currently, rare earth market prices have risen significantly, primarily due to the sustained procurement by top-tier enterprises, which has boosted market bullish sentiment. Meanwhile, due to environmental protection efforts in Jiangxi Province, some separation plants have halted operations, leading to a tight supply in the oxide market. Combined with the concentrated procurement actions of top-tier enterprises, suppliers have raised their quotes one after another.