SMM

[January 13 SMM China Rare Earth Market Daily] Today, the prices of rare earth oxides rose rapidly. Currently, the transaction price of Pr-Nd oxide has reached as high as 406,000 yuan/mt. It is understood that although metal factories have significantly raised their quotations, the actual market transactions fell short of expectations. Some magnetic material enterprises have stopped taking orders before the holiday season, and most downstream production factories have completed their raw material stockpiling for the Chinese New Year. It is expected that the room for further increases in rare earth material prices will be limited.