Rare earth market update on July 24, 2025

The overall market sentiment for domestic rare earths is rather chaotic, influenced by numerous uncertainties, leading to pergent price trends among mainstream light and heavy rare earth products: praseodymium-neodymium prices have seen significant increases, while dysprosium-terbium prices continue to weaken.

According to the South China Morning Post, in the first half of 2025, Brazil’s rare earth exports to China doubled in volume, and China’s rare earth imports surged to a historical high. The report states that Brazil’s rare earth export value to China reached $6.7 million, three times that of the same period in 2024. Although this figure remains relatively small in absolute terms, analysts believe it indicates China’s efforts to persify its sourcing channels for strategic minerals.

Rare earth market update on July 23, 2025

The domestic rare earth market outlook is generally stable. With no significant increase in downstream demand and supportive factors gradually weakening, the price increase for praseodymium-neodymium appears to lack momentum, while prices for dysprosium-terbium have been declining steadily. Today, the prices of terbium oxide and dysprosium oxide decreased by approximately 110 yuan per kilogram and 20,000 yuan per ton, respectively.

According to Global Times, data released by the General Administration of Customs on the 20th shows that in June, China, the world’s largest producer of rare earth magnets, saw its exports to the United States surge to 352.8 tons, a 660% increase from May. This marks a sharp recovery in the export of critical minerals needed for electric vehicles and wind turbines following a trade agreement between China and the United States.