SMM

[March 24 SMM China Rare Earth Market Daily] Today, rare earth prices continued to drop back slightly. Recently, news about the resumption of mining in Myanmar spread quickly in the market, with some suppliers selling at lower prices, leading to a decline in the actual transaction prices of rare earth raw materials; magnetic material enterprises had poor order conditions and were more cautious in purchasing under this market situation, showing little willingness to stockpile, resulting in a persistently quiet trading atmosphere in the rare earth market.