This week, rare earth prices fluctuated slightly, with the overall trend still fluctuating upward. Upstream holders were reluctant to sell, expecting higher future prices, keeping rare earth raw material prices high. However, downstream magnetic material companies were not eager to follow the price increase. It is understood that due to insufficient orders at magnetic material factories, most industry players are taking a wait-and-see approach to the market outlook, but upstream confidence in holding prices is high, leading to intense back-and-forth negotiations between upstream and downstream.
Under these circumstances, SMM expects rare earth prices to continue to fluctuate upward in the short term.
