According to data from the United States Geological Survey (USGS), in 2024, the United States' rare earth concentrate production is expected to be 45,000 tons, an increase of about 8.17% year-on-year; the production of rare earth compounds and metals is expected to be 1,300 tons, an increase of about 420% year-on-year; the import volume of rare earth compounds is expected to be 8,000 tons, a decrease of about 10.31% year-on-year; the import volume of ferrocerium and alloys is expected to be 220 tons, a decrease of about 15.06% year-on-year; the import volume of rare earth metals, scandium and yttrium is expected to be 90 tons, a decrease of about 81.09% year-on-year; the export volume of rare earth ores and compounds is expected to be 43,000 tons, an increase of about 107.73% year-on-year; the export volume of ferrocerium and alloys is expected to be 1,100 tons, an increase of about 34.64% year-on-year; the export volume of rare earth metals, scandium and yttrium is expected to be 320 tons, an increase of about 407.94% year-on-year; the apparent consumption of rare earth compounds and metals is expected to be 6,600 tons, a decrease of about 34.65% year-on-year.

Recently, the Baotou Industry and Information Technology Bureau reported that in 2024, the added value of Baotou's industrial enterprises above designated size increased by 14.3% year-on-year, surpassing the national average (5.8%) by 8.5 percentage points and the regional average (6.8%) by 7.5 percentage points. This marks 52 consecutive months of double-digit growth.

Rare earth market update on February 24, 2025

At the beginning of the week, the overall center of gravity of domestic rare earth prices moved downward, mainly due to the significant increase in the price of rare earth products near the weekend last week, while downstream demand followed up slowly, which led to a rational reduction in suppliers' quotations.

Rare earth market update on February 21, 2025

This week, the domestic rare earth market exhibited a pattern of initial decline followed by a rebound.