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Rare earths market Update 2024#9 Rise as Concerns Ease over EV Slowdown; Chinese Indexes Recover

The overall rare-earth market rises in late April~early May 2024. Excessive anxiety about a slowdown in demand for electric vehicles (EVs) has subsided, and buyers are anticipating a medium- to long-term increase in demand. The fact that Chinese rare earth prices bottomed out in March and continued to rise over the holiday weekend associated with May Day (May 1) has also lightened the mood.
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