Its in line with the last weekly update from CTMOS, hopefully the renewed EV Chinese's stimulus packages will reflex a uptick in commodity prices again soon.
25 June 2023 The domestic rare earth market as a whole still maintains a weak operation after the festival, mainly reflected in the low sentiment of traders entering the market, sideways trading of rare earth prices, limited actual transactions, and a slight lack of confidence in the market outlook. Under the mutual influence of factors such as weak downstream demand, low spot inventory in the market, no major positive news from the policy side, and relatively large overseas geopolitical risks, the price trend of light and heavy rare earths is slightly different, that is, the price of praseodymium and neodymium is adjusted downward, and the price of dysprosium and terbium rose slightly
LYC Price at posting:
$6.95 Sentiment: Hold Disclosure: Held
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