[SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuated Significantly This Week, Bearish News Severely Undermined Market Confidence] The Pr-Nd oxide market fluctuated significantly recently. Driven by expectations of tightening on the supply side, upstream suppliers raised their quotes one after another. However, as bearish news spread, market confidence was severely undermined. As of today, Pr-Nd oxide prices adjusted to 780,000-800,000 yuan/mt within the week.

[SMM Rare Earth Weekly Review: Rare Earth Prices Continued to Rise This Week, Market Trading Activity Increased] Pr-Nd oxide market prices, supported by raw material costs and expectations of reduced upstream supply, saw a notable increase in downstream purchasing activity. Suppliers raised their offers one after another, and low-priced supplies tightened rapidly. As of today, Pr-Nd oxide prices rose to 773,000-778,000 yuan/mt over the week.

[SMM Rare Earth News Flash] Affected by multiple factors, as of 17:00 today, the spot Pr-Nd oxide was quoted at 775,000-780,000 yuan/mt, unchanged from the morning price, and spot Pr-Nd alloy was quoted at 935,000-950,000 yuan/mt, also unchanged from the morning price. According to SMM, some transactions of Pr-Nd oxide were concluded at 775,000-777,000 yuan/mt. Some suppliers reported that supplies below 775,000 yuan/mt were hard to find. Although downstream magnetic material enterprises actively inquired and restocked, they showed obvious resistance to high-priced metals, with the highest transaction price of Pr-Nd alloy reaching 945,000 yuan/mt.

[SMM Rare Earth News Flash] Affected by multiple factors, as of 12:00 PM today, spot Pr-Nd oxide was quoted at 775,000-780,000 yuan/mt, up about 15,000 yuan/mt from 11:00 AM yesterday. Spot Pr-Nd alloy was quoted at 935,000-950,000 yuan/mt, up 17,500 yuan/mt from yesterday. According to SMM, at current prices, some transactions had been concluded below the average Pr-Nd alloy price of 940,000-942,500 yuan/mt, as downstream end-use demand gradually strengthened and acceptance of high-priced raw materials progressively improved.

Influenced by multiple factors, as of 5:00 PM today, the spot price of Pr-Nd oxide was quoted at 765,000-770,000 yuan/mt, up approximately 5,000 yuan/mt from the 11:00 AM quote. The spot price of Pr-Nd alloy was quoted at 930,000-940,000 yuan/mt, up 10,000 yuan/mt from the morning quote. According to SMM, some transactions were concluded in the Pr-Nd oxide market at current prices. However, the magnetic material sector showed low acceptance of the 930,000-940,000 yuan/mt alloy price, and no transaction information had been obtained for the time being.

[SMM Rare Earth News Flash] Affected by multiple factors, as of 12:00 PM today, Pr-Nd oxide spot prices were quoted at 760,000-765,000 yuan/mt, up approximately 5,000 yuan/mt WoW, and Pr-Nd alloy spot prices were quoted at 920,000-930,000 yuan/mt, up 5,000 yuan/mt WoW. According to an SMM survey, raw material prices have stabilized recently, and the magnetic material sector has shown growing acceptance of Pr-Nd alloy prices at 915,000-920,000 yuan/mt, beginning to steadily purchase as needed.

[SMM Rare Earth Price Update] As of now, Pr-Nd oxide was quoted at 765,000-770,000 yuan/mt, up 15,000 yuan/mt MoM, and Pr-Nd alloy was quoted at 915,000-935,000 yuan/mt, up 15,000 yuan/mt MoM. However, the price at which magnetic material enterprises inquired about Pr-Nd alloy was relatively lower with a wider spread, at 900,000-915,000 yuan/mt. Low-priced alloy supplies in the market were limited, downstream buyers adopted a wait-and-see attitude, and actual market transactions remained stagnant.

[SMM Rare Earth Flash] Affected by multiple factors, Pr-Nd oxide prices and Pr-Nd alloy prices surged sharply today. Pr-Nd oxide closed at 750,000-755,000 yuan, up 27,500 yuan/mt from the previous day, while Pr-Nd alloy closed at 900,000-920,000 yuan/mt, up 22,500 yuan/mt from the previous day. As of now, SMM had not learned of any transactions concluded at these prices and would continue to follow up on frontline market conditions.

[SMM Rare Earth Price Flash] As of now, driven by the rise in futures prices, neodymium praseodymium oxide has seen small-volume transactions by some traders at 730,000-740,000 yuan/mt. Driven by rising raw material prices, coupled with tender procurement of Pr-Nd alloy by major magnetic material plants, metal quotations were also raised to 900,000 yuan/mt, with actual transactions following up. The latest market quotation for gadolinium oxide was 230,000 yuan/mt, and quotations for gadolinium iron were also raised to 215,000-220,000 yuan/mt, driven by downstream tender procurement.

[SMM Rare Earth Weekly Review: Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases] The Pr-Nd oxide market as a whole continued to hold up well. Under the impact of expectations of tighter supply and pronounced fluctuations in futures prices, upstream suppliers kept raising their offers, while low-priced cargoes tightened rapidly, pushing Pr-Nd oxide prices up to 722,000-728,000 yuan/mt.