According to the CITIC Construction Investment Research Report, there were obvious differences in the performance of various rare earths varieties in July. Praseodymium oxide rises and then falls, terbium oxide jumps and then recedes, and overall dysprosium oxide is stable. On the supply side, production declined markedly due to tight raw materials in waste plants. According to Shanghai Nonferrous Metals Network, praseodymium oxide production fell 11% month-on-month in July, and there was a marginal improvement in August, but overall production was still suppressed. Downstream high temperature holidays have led to a decline in motor plant starts and demand has declined. August is still in the low season. The traditional peak consumption season is still strong, and the market's expectations for starting demand are still strong. It is expected that downstream storage will restart in mid-late August, break the pattern of weak supply and demand, and push prices steadily upward.

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