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 22, 2025

Domestic rare earth prices remain partially stable, with some showing slight increases, including praseodymium-neodymium oxide price increasing by approximately 2,000 yuan per ton and praseodymium-neodymium metal price increasing by about 5,000 yuan per ton.

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.

On July 18, the Ministry of State Security published an article titled “Key Point! It’s Not Ordinary Soil”, with the full text as follows: