The rare earth market in mid-to-late October 2024 has shown mixed trends depending on the mineral type. Light rare earth metal neodymium and medium rare earth metal terbium have been on an upward trend. This is partly due to China's implementation of new rare earth management regulations on October 1, leading to a sense of tightening supply. At the same time, China’s economic stimulus has raised expectations for increased demand for final products. However, some heavy rare earth elements are still facing upward resistance.

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