The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:  

Rare earth prices may continue to show a weak trend in the short term

  • Dec 13, 2024, at 2:52 pm
  • SMM
This week, the rare earth market showed an overall weak trend.

This week, the rare earth market showed an overall weak trend. With ample upstream supply and still weak downstream demand, the growth in magnet material market orders did not meet expectations, leading to low production enthusiasm among enterprises and a decrease in market transaction activity. Additionally, industry insiders forecast that by the end of December, mineral supplies from Myanmar might resume circulation, potentially leading to a large influx of raw materials into the domestic market. Therefore, SMM expects that rare earth prices may continue to show a weak trend in the short term.

  • Industry
  • Rare Earth
Live chat via WhatsApp
Help us know your opinions in 1minutes.