Rare earth market update on June 26, 2025

The domestic rare earth market is experiencing overall weak conditions, marked by sluggish price increases, low enthusiasm among traders for market engagement, and reduced transaction volumes.

On June 21, 2025, The Times of India reported that India is considering a ₹350-500 billion rare earth production plan to boost domestic raw material and magnet production, with approval expected within two weeks. This move aims to reduce India’s reliance on Chinese rare earth products.

Recently, a Chinese research team achieved a major breakthrough in rare earth chemistry. Researchers from Soochow University, in collaboration with those from Tsinghua University, successfully synthesized a rare earth triple-bond compound, long considered a "forbidden zone" in scientific research. This achievement challenges traditional understanding of rare earth elements' bonding capabilities, with the findings published in Nature Chemistry.

Rare earth market update on June 25, 2025

The domestic rare earth prices are fluctuating within a reasonable range, with a balanced supply-demand dynamic leading to a somewhat stagnant negotiation atmosphere between buyers and sellers, resulting in a subdued trading mood.

Rare earth market update on June 24, 2025

The domestic rare earth prices remained stable in parts with slight adjustments in some cases.

Rare earth market update on June 23, 2025

At the beginning of the week, the domestic rare earth market as a whole showed a relatively positive performance, with prices of many products continuing to rise to varying degrees.

On May 16, 2025, Australian company Lynas announced that its new production line in Malaysia successfully produced dysprosium oxide, marking its first heavy rare earth oxide product. The successful mass production of dysprosium oxide represents a critical step forward in Lynas’ rare earth supply chain development, significantly enhancing its supply chain resilience and opening a new overseas supply pathway for the global rare earth market. Notably, the raw material for this batch of dysprosium oxide comes from the Mt Weld rare earth deposit—a large, high-grade overseas rare earth site—whose abundant reserves and quality ore provide a solid resource foundation for Lynas’ dysprosium oxide production.

On June 18, 2025, Lynas, an Australian company, announced that its advanced materials plant in Malaysia successfully achieved the first mass production of terbium oxide. This marks the company’s second heavy rare earth oxide product following the initial production of dysprosium oxide in May 2025. Amid China’s rare earth export controls and high overseas rare earth prices, this milestone by Lynas—the world’s largest rare earth company outside China—holds significant importance. It can help alleviate the urgent demand for rare earth resources in overseas markets and provide a new support point for persifying the global rare earth supply chain.

Rare earth market update on June 20, 2025

This week, the domestic rare earth market exhibited a pattern of both rising and falling prices. Early in the week, limited downstream inquiries and relatively ample spot supplies for some products led many suppliers to slightly lower their quotes. However, nearing the weekend, bolstered by stronger production cost support and increased low-price procurement enthusiasm from downstream users, prices for certain products saw an uptick.

Rare earth market update on June 19, 2025

The domestic rare earth market continues to operate in a weak trend, with mainstream product prices experiencing varying degrees of decline, such as praseodymium-neodymium oxide dropping by approximately 2,000 yuan/ton, praseodymium-neodymium metal by about 5,000 yuan/ton, and terbium oxide by around 10 yuan/kg.