At its 2026 Q3 results briefing, Northern Rare Earth said the current
praseodymium-neodymium (Pr-Nd) product supply-demand structure points to Q4
product prices being mainly stable and gross margins broadly improving; the
company said final outcomes will depend on actual Q4 supply-demand. It said
purchases of rare-earth concentrates are guided by total rare-earth control
quotas, production plans and market demand.