Rare Earth Market - August 21, 2025

Rare earth market update on August 21, 2025

The domestic rare earth market is maintaining an overall pattern of high-level consolidation with fluctuating prices.

Following a significant price surge in mainstream products over the past few days, downstream users have shown a marked increase in resistance to high-priced goods, prompting some suppliers to lower their quotes to a certain extent. Today, the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and terbium oxide decreased by approximately 8,000 yuan per ton, 7,000 yuan per ton, and 50 yuan per kilogram, respectively. However, it is worth noting that, influenced by persistently high raw material prices, the price of neodymium-iron-boron blanks continues to rise modestly.

According to CTIA GROUP LTD Online, the approaching traditional consumption peak season is driving a gradual increase in downstream demand, coupled with expectations of tighter future supply, further bolstering suppliers' confidence in raising prices. Huatai Securities notes that, amid the backdrop of "de-globalization," the strategic importance of rare earths is becoming increasingly prominent. On July 10, 2025, the U.S. Department of Defense acquired a 15% stake in MP Materials for $400 million; China's implementation of export controls to crack down on illegal rare earth exports further highlights the strategic value of these resources. The praseodymium-neodymium metal auction launched in July saw active participation, with strong bullish market sentiment.

The Baotou Municipal Bureau of Industry and Information Technology reported that, among the 8 key rare earth products monitored in Baotou in July 2025, the highest month-on-month price increase was for rare earth carbonate, with an average price of 38,844 yuan per ton, increased by 2,910 yuan per ton, a rise of 8.1%, and increased by 9,559 yuan per ton year-on-year, a rise of 32.6%. The highest year-on-year increase was for cerium oxide, with an average price of 10,863 yuan per ton, decreased by 38 yuan per ton month-on-month, a drop of 0.3%, and increased by 3,603 yuan per ton year-on-year, a rise of 49.6%.

Price of rare earth products on August 21, 2025

Neodymium oxide picture

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