On July 22nd, the average prices for PrNd Oxide and PrNd mischmetal reported by Asian Metal remained stable at 359,500 yuan per ton and 445,500 yuan per ton respectively, unchanged from the previous day. PrNd prices remained steady, with few proactive quotes in the market. At the beginning of the week, many merchants adopted a wait-and-see approach, and low-priced spot goods tightened, leading to price pressure from inquiries. Downstream sentiment was reasonably positive, with adequate restocking for essential needs. Manufacturers maintained firm quotes, resulting in only a few transactions. Prices for heavy rare earth metals were reduced, with fewer inquiries at the start of the week. A pessimistic sentiment among traders and a weak transaction atmosphere persisted. Quotes and shipments were lowered, with large manufacturers making some low-priced transactions progressively. The market sentiment remained weak, leading to limited overall transactions.
| Product | Unit | Low | High | Average | Movement |
| PrNd Oxide | CNY/ton | 357,000 | 362,000 | 359,500 | – |
| PrNd Mischmetal | CNY/ton | 443,000 | 448,000 | 445,500 | – |
| DyFe Alloy | CNY/kg | 1,600 | 1,620 | 1,610 | – |
| Tb Metal | CNY/kg | 6,100 | 6,300 | 6,200 | -50 |
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