[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.

Appia Rare Earths & Uranium Corp. (CSE: API) is advancing its diversified portfolio of rare earth element (REE) and uranium projects in Canada and Brazil, providing materials critical to electrification and clean energy technologies. The company is particularly focused on magnetic rare earths such as neodymium and praseodymium, which are key raw materials for EVs, wind turbines, advanced electronics, as well as uranium. Its flagship Alces Lake project, located in Saskatchewan, hosts high-grade monazite mineralization, with reported total rare earth oxide (TREO) grades of up to 50%. The mineralization occurs at or near surface, enhancing potential economic feasibility and benefiting from proximity to the Saskatchewan Research Council's processing facilities.

Appia Rare Earths & Uranium Corp. announced that assay results from the first 13 drill holes at its ionic adsorption clay/carbonatite rare earth project in Goiás State, Brazil, showed broad high-grade mineralization, with hole UNA-DDH-015 intersecting 300 meters grading 2.55 TREO from surface, including a high-grade interval of 97 meters grading 4.52 and 6 meters grading 13.30. The company’s flagship Alces Lake project in Saskatchewan, Canada, hosts near-surface high-grade monazite mineralization with grades of up to 50 TREO, close to the Saskatchewan Research Council’s processing facility.

[SMM Rare Earth Weekly Review: Rare Earth Prices Pulled Back Significantly, Downstream Inquiries and Procurement Decreased] Affected by fluctuations in futures prices, confidence in the Pr-Nd oxide market dropped sharply. Traders proactively sold off cargoes at low prices, causing transaction prices in the Pr-Nd oxide market to fall rapidly. As of today, Pr-Nd oxide prices had already pulled back to 690,000-700,000 yuan/mt.

[SMM Rare Earth Weekly Review: Rare Earth Prices Fell First, Then Rose; Pr-Nd, Dysprosium, and Terbium Saw Wide Swings] Due to the combined impact of market news and falling futures prices, suppliers in the Pr-Nd oxide market lacked confidence in the future market and proactively cut prices for shipments. However, upstream separation plants believed that the tight supply pattern of Pr-Nd oxide had not changed. Therefore, Pr-Nd oxide prices pulled back to 760,000-780,000 yuan/mt before rebounding to 790,000-800,000 yuan/mt.

[SMM Rare Earth Weekly Review: Rare Earth Prices Pulled Back, Strong Wait-and-See Sentiment Downstream] Affected by news-related factors, the Pr-Nd oxide market saw heightened wait-and-see sentiment among downstream metal plants, and some traders proactively cut prices to boost shipments. As of today, Pr-Nd oxide prices had pulled back to 845,000-850,000 yuan/mt.

[SMM Rare Earth Weekly Review: Rare Earth Prices Rose Across the Board After the Holiday, Market Trading Showed Signs of Recovery] The supply of Pr-Nd oxide remained tight, and most industry participants held optimistic expectations for the future market. Although post-holiday procurement activity did not show significant improvement, suppliers maintained relatively high quotations. As of today, the price of Pr-Nd oxide was further raised to 885,000-890,000 yuan/mt.

[SMM Rare Earth Weekly Review: Pr-Nd Prices Remain High, Downstream Procurement Activities Decrease] This week, the market quotation for Pr-Nd oxide remained high. Suppliers held optimistic expectations for the future market and were unwilling to sell at low prices. However, downstream buyers gradually began holidays and halted procurement, leading to a noticeable decline in the actual trading activity of Pr-Nd oxide. As of today, the price of Pr-Nd oxide fluctuated and rose to 747,000-753,000 yuan/mt.

[Energy Fuels Successfully Produces First Kilogram of 99.9% Pure Dysprosium Oxide at White Mesa Mill in Utah] Energy Fuels Inc., a leading US producer of uranium, rare earths, and critical minerals, is pleased to announce that it has successfully produced the first kilogram of dysprosium oxide (Dy) with a purity of 99.9%, far exceeding the commercial standard of 99.5%, at its White Mesa Mill in Utah. The company expects to maintain a production rate of two kilograms of dysprosium oxide per week and emphasizes that it is the first US enterprise to both produce high-purity dysprosium oxide and publicly disclose actual production volumes and purity levels. These oxides are sourced from monazite mined in Florida and Georgia, USA, demonstrating the potential feasibility for Energy Fuels to be completely independent of China's rare earth oxide supply chain. Additionally, Energy Fuels plans to further enhance the capacity of this facility in the future by installing large-scale production lines for dysprosium, terbium, and other "heavy" rare earth oxides. This move has attracted significant interest from several magnet manufacturers and OEMs, who are eager to obtain these samples to expedite their validation processes.

[SMM Rare Earth Morning Meeting Summary: Rare earth market in the doldrums, wait-and-see sentiment may persist] Prices of rare earth oxides are generally weak, and market transactions remain sluggish. According to market information, most separation plants are maintaining firm quotes, but some traders in the market are offering low-priced goods. Buyers are cautiously waiting and watching, and the trading atmosphere is poor.