On July 11th, the average price of PrNd Oxide surged by 2,000 yuan to 361,500 yuan per ton, as reported by the Asian Metal. The price for PrNd mischmetal remained stable at 448,500 yuan per ton. The PrNd market stayed stable with a good amount of market inquiries. Finding low-priced oxide was tough, and with strong cost-side support, metal factories increased their lower-end quotes, showing reluctance to sell at lower prices. Market activity showed reasonable inquiries, and there was a slight uptick in restocking by magnet manufacturers, leading to corresponding order replenishments. Prices for Dy and Tb were weakly stable, with a general sentiment for restocking in the market. Oxide prices were adjusted downward, followed by adjustments in metal prices. Metal factories were not eager to quote, leading to a subdued trading atmosphere with few transactions.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 359,000 | 364,000 | 361,500 | +2000 |
| PrNd Mischmetal | CNY/ton | 446,000 | 451,000 | 448,500 | – |
| DyFe Alloy | CNY/kg | 1,720 | 1,740 | 1,730 | – |
| Tb Metal | CNY/kg | 6,500 | 6,700 | 6,600 | – |
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