SMM

[SMM China Rare Earth Market Daily Report on May 14] Today, rare earth oxide prices pulled back slightly. With export controls on rare earths not being eased, the market's bullish sentiment was somewhat suppressed. The purchasing atmosphere in the downstream market was sluggish today, with suppliers' offers loosening and declining, and the availability of low-priced goods increasing. However, from the raw material side, ore suppliers' reluctance to sell remains, and raw material procurement in the scrap market is also relatively difficult. Some industry participants believe that the pace of this price pullback will not be rapid.