Rare earth market update on March 24, 2025

The overall domestic rare earth market is generally normal, mainly due to the low willingness of suppliers to reduce prices and the difficulty of downstream users to improve their rigid purchasing status.

According to the Baotou Industry and Information Bureau, from January to February 2025, the industrial added value of large-scale enterprises in Baotou City grew by 16.0% year-on-year, an acceleration of 1.7 percentage points compared to the full year of the previous year. This growth rate exceeded the national average (5.9%) by 10.1 percentage points and the Inner Mongolia regional average (5.8%) by 10.2 percentage points, marking 54 consecutive months of double-digit growth.

Rare earth market update on March 21, 2025

This week, the domestic rare earth market has generally maintained a stable trend, with no significant changes in product prices and moderate transaction volumes.

According to the Baotou Industry and Information Bureau, from January to February 2025, the industrial added value of large-scale enterprises in Inner Mongolia grew by 5.8% year-on-year. By major industry categories, the mining sector saw a 2.5% increase in added value, manufacturing grew by 10.3%, and the production and supply of electricity, heat, gas, and water rose by 7.1%. In terms of specific products, raw coal output reached 207 million tons, up 2.0%; power generation totaled 135.98 billion kilowatt-hours, up 1.2%. Notably, renewable energy generation amounted to 41.35 billion kilowatt-hours, surging by 35.5%, while the production of monocrystalline silicon, polycrystalline silicon, and rare earth compounds increased by 43.5%, 47.8%, and 9.5%, respectively.