SMM, Aug 14: Pr-Nd metal prices fell 1.13% this week but rebounded near the weekend to RMB 875,000/mt. Higher Pr-Nd oxide prices offered support, while volatile raw material costs kept some producers cautious. Net profit rose to RMB 2,574/mt, ending three weeks of losses. Downstream demand remained weak, but orders may improve as motor makers resume operations and the peak season approaches. Restocking could support prices, though gains depend on demand recovery and new oxide capacity.

SMM: June NdFeB output rose 1.7% MoM to 32,985t on Pr-Nd fueled stockpiling, not demand recovery. With demand front-loaded and H2 facing seasonal lulls plus export policy risks, July output is set to drop. Overall H2 demand remains subdued.