This week, the prices of upstream rare earth raw materials fluctuated downward. Due to a significant increase in ore imports, oxide prices weakened, and some miners' confidence in the market outlook wavered, leading to increased shipments. Meanwhile, frequent bidding by major magnet manufacturers kept upstream market prices firm, and the tug-of-war between upstream and downstream markets remained intense.
Under these circumstances, SMM expects that rare earth prices will likely stabilize in the near future.
