Latest Update in the SMM Rare Earth Salts Market

This week, the core developments in the overseas rare earth industry focused on three major areas: supply chain restructuring, breakthroughs in key projects, and deepening international cooperation. European and American enterprises accelerated the construction of a non-China-dependent rare earth supply chain through strategic agreements and capacity expansion. Meanwhile, the Greenland deep-sea mining project achieved critical progress, further promoting the diversification of the global rare earth landscape.

[SMM Rare Earth Weekly Review: Insufficient Market Confidence in the Post-Market Leads to Continued Weakness in Rare Earth Prices] Pr-Nd oxide prices showed an overall downward trend this week. Affected by news-driven factors, suppliers' expectations for the post-market performance of Pr-Nd oxide declined significantly. Some traders actively offered goods at lower prices, while downstream buyers, guided by the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, showed reduced purchase willingness. Actual transaction volumes for Pr-Nd oxide were poor. As of today, Pr-Nd oxide prices pulled back to 541,000-544,000 yuan/mt.

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Recent positive signals from the international economic market have significantly impacted the rare earth market, altering the expectations and behavioral patterns of market participants. Driven by these favorable developments, suppliers have quickly raised the quotations for Pr-Nd raw materials. As downstream enterprises had maintained a low-inventory strategy over the medium and long-term during the previous price decline cycle, they were forced to accelerate the pace of restocking after the shift in expectations, further driving up the price of Pr-Nd. Such policy-induced changes in psychological expectations often lead to price fluctuations more rapidly than actual supply-demand changes, particularly in the strategically significant rare earth market. 

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This week, the biggest highlight in the overseas rare earth sector was the consensus reached by the White House during the Kuala Lumpur economic and trade consultations between China and the United States, as well as China's response. Beyond this development, as countries continue to explore the rare earth industry chain, what progress have other nations and enterprises made? Let’s take a look in this review.

[SMM Rare Earth Weekly Review: Rare Earth Prices Remained Stable With Strong Wait-and-See Sentiment in the Market] Pr-Nd oxide prices showed a trend of rising first and then falling this week. During the week, influenced by news factors, suppliers quickly raised their quotations. However, judging from the actual downstream demand, this news did not significantly boost purchasing enthusiasm in the downstream market. As a result, some suppliers lacked confidence and lowered their selling prices.

Australia and Canada have signed a Joint Declaration of Intent on Critical Minerals Collaboration, deepening their bilateral partnership on critical minerals.

According to a Reuters report cited by Mining Weekly, Malaysia's trade minister said on Wednesday that despite signing a key minerals agreement with the US this week, the country will continue to ban the export of rare earth raw materials to protect domestic resources.