Rare Earth Market Update 2024 #18: Price Increase Pauses as Final Product Demand Weakens, Market Takes a Wait-and-See Approach
09/24/2024 10:01
The rare earth market from mid to late September 2024 is showing signs of a pause. With the Chinese economy slowing down, demand for final products remains sluggish, and a wait-and-see attitude among market participants is becoming more apparent. Expectations that inventory procurement, particularly in China, will occur ahead of the large national holiday around October 1st (National Day), are helping to support the market's lower range.
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