Recently, the Inner Mongolia Daily reported that China’s first rare earth disc motor intelligent demonstration line has been completed and put into operation at the Rare Earth New Material Technology Innovation Center. Its first mature product—a rare earth permanent magnet axial flux motor with a thickness of only 6 millimeters—has stunned the industry with its breakthrough performance indicators. The commissioning of this intelligent production line marks a critical step forward in China’s research, development, and industrialization of high-end rare earth permanent magnet motors, opening a new competitive arena on the global stage.

Rare earth market update on August 6, 2025

The overall domestic rare earth market continues to exhibit a sideways consolidation trend, with limited willingness among suppliers to lower prices and downstream demand falling short of expectations, resulting in no significant changes in the prices of mainstream products. Currently, the prices of neodymium oxide, erbium oxide, and dysprosium oxide are approximately 539,000 yuan per ton, 327,000 yuan per ton, and 1,650,000 yuan per ton, respectively.

Recently, the General Office of the Sichuan Provincial Government issued the "Several Opinions on Deepening the New Round of Mineral Exploration Breakthrough Strategic Action to Promote High-Quality Development of the Mining Industry" (hereinafter referred to as the "Several Opinions"), which emphasizes strengthening basic geological surveys of the Panzhihua copper-iron-rare earth mines; vigorously developing advantageous industries such as vanadium-titanium, rare earth, and lithium batteries; building internationally influential vanadium-titanium and rare earth industrial clusters and domestically leading lithium battery industry clusters; and establishing a production statistics system for strategic mineral resources such as vanadium-titanium, rare earth, lithium, and phosphorus, which are advantageous to Sichuan Province.

Rare earth market update on August 5, 2025

The overall domestic rare earth market is generally stable, influenced by factors such as weak downstream demand, persistently high overseas rare earth prices, limited imports of rare earth products in China, and varying expectations among industry players for the future.