SMM China Rare Earth Market Daily on February 7

Feb 07, 2025, at 9:55 am

[February 7th SMM China Rare Earth Market Daily] Today, the prices of mainstream rare earth products continued to rise rapidly. Most industry participants maintained strong bullish sentiment for the market outlook, and downstream inquiry activity showed a significant increase. Suppliers also took this opportunity to raise their offers, making low-priced goods hard to find in the market. However, at the same time, metal enterprises indicated that downstream magnetic material enterprises did not show high purchasing enthusiasm. Metal prices have risen significantly along with oxide prices, but actual transaction performance fell short of expectations.

SMM February 7 News: Today, the prices of mainstream rare earth products continued to rise rapidly. Most industry participants remained optimistic about future market sentiment, with a noticeable increase in downstream inquiry activity. Suppliers also took this opportunity to raise their quotations, making low-priced goods hard to find in the market. However, at the same time, metal enterprises reported that downstream magnetic material enterprises showed limited purchasing enthusiasm. Although metal prices have risen significantly along with oxide prices, actual transaction volumes fell short of expectations.

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SMM China Rare Earth Market Daily on February 7

The Center of the High-Grade NPI Market Has Shifted Upward, Prices Expected to Remain Relatively Stable With a Strong Trend in the Short Term [NPI Daily Review]

Operating Rates of Silicon Metal Remain Higher in the North Than in the South, Large-Scale Operations Outperform Small and Medium-Scale Ones [SMM Weekly Survey on Silicon Metal]