Northern Rare Earth: The rare earth market has shown a warming trend after entering the third quarter, and the prices of major rare earth products have steadily rebounded.

On November 7th, Jinshi Data reported that, according to market conditions, the rare earth market has been weak overall this year due to factors such as a slower-than-expected rise in downstream demand. Prices for major rare earth products have shown a downward trend with fluctuations, but have steadily rebounded since entering the third quarter as the market has shown a trend of recovery. In the first three quarters of this year, prices for major rare earth products continued to fluctuate. Prices for cerium and lanthanum products decreased due to oversupply. Prices for cerium products remained stable after a high demand in the field of magnetic materials pushed them up. Prices for praseodymium and neodymium products fluctuated downward, but rebounded and stabilized in the third quarter due to an increase in downstream orders and the issuance of total control indicators for the second batch of rare earth mining, smelting, and separation this year. Since the third quarter, the market has stabilized and improved, providing support and assistance for the company’s performance improvement.