Rare-earth market conditions in late June to early July 2024 were subdued. The prolonged real estate slump caused China's rare earth index to decline day by day, and a wait-and-see mood prevailed in the international markets. Producers have been reported to be reluctant to ship, further intensifying the sense of stagnation. Meanwhile, the industry has been bustling as the Chinese government announced rare earth management regulations at the end of June.

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