Rare Earth Market Update - March 19, 2025

Rare earth market update on March 19, 2025

The domestic rare earth market has generally maintained stable operations, primarily reflected in traders sticking to rigid transactions, with product price showing no significant changes.

Industry participants exhibit moderate confidence in the market outlook and are mostly adopting a wait-and-see approach. On the supply side, due to relatively high energy prices and increasingly stringent environmental policies, the capacity release pace of rare earth mining companies remains moderate. Additionally, difficulties in importing ore from Myanmar have led to a relatively tight supply of mineral products in the market. On the demand side, in the short term, downstream users’ enthusiasm for inquiries and purchases needs improvement. However, in the long term, the promising development prospects of wind power generation, robotics, and the new energy industry are expected to drive an increase in demand for rare earth raw materials.

According to data from the National Energy Administration, in February 2025, total social electricity consumption reached 743.4 billion kilowatt-hours, a year-on-year increase of 8.6%. Breaking it down by sector, electricity consumption in the primary industry was 9.8 billion kilowatt-hours, up 10.2% year-on-year; the secondary industry consumed 462.4 billion kilowatt-hours, up 12.4% year-on-year; the tertiary industry used 142.0 billion kilowatt-hours, up 9.7% year-on-year; and urban and rural residential electricity consumption was 129.2 billion kilowatt-hours, down 4.2% year-on-year.

Price of rare earth products on March 19, 2025

Neodymium oxide picture

Follow our WeChat to know the latest tungsten price, information and market analysis.

• Next >