Rare Earth Market Update - March 5, 2025

Rare earth market update on March 5, 2025

The overall center of gravity for domestic rare earth prices has slightly shifted downward, mainly due to the current high price levels of many rare earth products, strong profit-taking sentiment among suppliers, and weaker-than-expected downstream demand.

Today, the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and dysprosium-iron alloy have dropped by approximately 3,000 yuan/ton, 5,000 yuan/ton, and 40,000 yuan/ton, respectively. Under these circumstances, the market trading atmosphere remains subdued, with a low number of new orders. However, supported by strong production costs and the continued tight supply of some raw materials in the spot market, the room for price concessions by holders is limited.

On the news front, on March 3, Shenzhen issued the "Shenzhen Embodied Intelligent Robot Technology Innovation and Industrial Development Action Plan (2025-2027)," proposing that by 2027, Shenzhen will achieve breakthroughs in key core components of robots, AI chips, and the integration of artificial intelligence with robotics technology. The plan aims to realize over 50 application scenarios at the billion-yuan level, with the associated industry scale reaching more than 100 billion yuan. Additionally, the GGII (Gaogong Robot Industry Research Institute) predicts that the global humanoid robot market size will be 1.017 billion USD in 2024, growing to 15.1 billion USD by 2030, with a compound annual growth rate (CAGR) exceeding 56% from 2024 to 2030. Global humanoid robot sales are expected to increase from 11,900 units to 605,700 units during this period.

As a key application field for rare earth functional materials, the robotics industry’s rapid development in the future is highly likely to drive a surge in demand for rare earth functional materials. Critical components of robots, such as servo motors, sensors, drive motors, and joint mechanisms, require significant use of rare earth permanent magnet materials. CITIC Securities estimates that by 2035, the global demand for neodymium-iron-boron (NdFeB) in the humanoid robotics sector could reach 23,600 tons, corresponding to a compound annual growth rate of 83.8% from 2023 to 2035.

Price of rare earth products on March 5, 2025

Erbium oxide picture

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