SMM

[SMM Commentary: Policy Support and Major Plant Bidding Drive Pr-Nd Oxide to Over a One-Year High—Can Rare Earths Continue to Rise?] Driven by favorable policies and supported by substantial bidding volumes and prices from major magnet material plants, suppliers were reluctant to sell at low prices. The spot price of Pr-Nd oxide has risen for two consecutive trading days, with the current average price reaching 450,000 yuan/mt. This average price marks its highest level since December 28, 2023. After hitting a new high in over a year, how will the rare earth market perform in the future?