Latest Update in the SMM Rare Earth Metals Market

SMM Rare Earth Morning Meeting Summary: Market Sentiment Heavily Watchful, Rare Earth Prices Stabilize. Currently, with relatively small fluctuations in raw material prices, metal plants have maintained relatively stable metal quotations. However, it is understood that downstream magnetic material enterprises are experiencing poor order situations, leading to relatively subdued metal demand under these circumstances.

SMM China Rare Earth Market Daily Report on March 27: Today, driven by the procurement of top-tier enterprises, the prices of rare earth oxides slightly rebounded. In this context, the inquiry atmosphere in the downstream market became more active. Some industry participants believe that even if imported ore resumes, it is necessary to wait for the issuance of indicators to judge the supply situation of oxides. Most industry participants expect that there will be no significant volatility in rare earth prices in the near future.

SMM Rare Earth Daily Review: Major Purchases Drive Rare Earth Prices to Rebound from Decline. The metal market remained generally stable today. The price of Pr-Nd alloy held steady at 540,000 to 543,000 yuan per mt, while the price of dysprosium-iron alloy also remained stable at 1.6 to 1.61 million yuan per mt. The quotation for terbium metal continued to decline slightly to 8.03 to 8.09 million yuan per mt. The price of gadolinium-iron alloy was documented at 162,000 to 164,000 yuan per mt, and the price of lanthanum-cerium alloy also remained at 17,000 to 19,000 yuan per mt.

【SMM Rare Earth Weekly Review: Myanmar Mine Resumes Operations, Rare Earth Prices Decline】During the week, influenced by the news of resumed imports from Myanmar mines, prices of various rare earth oxides experienced varying degrees of decline. Among them, the price of Pr-Nd oxide products, driven by purchases from leading manufacturers, showed a relatively slower downward trend, and even exhibited signs of bottoming out on Thursday.

【Sweden's Norra Kärr Rare Earth Mine Not Listed as Strategic Project】According to MiningWeekly, Leading Edge Materials, listed in Toronto, confirmed on Tuesday that its Norra Kärr heavy rare earth elements project in Sweden was not included in the EU's first list of strategic projects.

SMM Rare Earth Morning Meeting Summary: Suppliers Dump Goods at Low Prices, Downstream Buyers Remain Cautious and Watchful. Yesterday, the rare earth market prices continued to decline. As the news of the resumption of Myanmar ore imports has been officially confirmed, some suppliers have become more active in dumping goods at low prices, while downstream buyers remain cautious and watchful. The actual transaction prices of rare earth oxides have significantly decreased.

SMM China Rare Earth Market Daily Report on March 26: Today, Kachin officially issued a notice announcing the resumption of imports of rare earth ore from Myanmar's inventory starting tomorrow. In this context, most suppliers' confidence in the future market further declined, leading to an increase in low-priced supplies and a noticeable enhancement in the initiative to sell. Influenced by the sentiment of rushing to buy amid continuous price rise and holding back amid price downturn, downstream enterprises mainly engaged in tentative inquiries, with low purchase willingness and limited trading volume of rare earth raw materials.