SMM

April 23 SMM China Rare Earth Market Daily: Today, rare earth prices continued to experience a slight decline. Supply side, upstream producers maintained firm quotations, and the availability of low-priced sources from traders decreased, leading to a noticeable slowdown in the decline of actual transaction prices. Demand side, downstream purchasers primarily engaged in purchasing as needed, with significant pressure to drive down prices during inquiries. The intensity of back-and-forth negotiations between upstream and downstream increased. It is expected that rare earth prices will remain slightly in the doldrums in the near term.