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.

Recently, the International Mineralogical Association’s Commission on New Minerals, Nomenclature and Classification (IMA-CNMNC) unanimously approved a new mineral, “Huanghoite-(Nd),” discovered and submitted by a joint research team from China University of Geosciences and the Inner Mongolia Autonomous Region Geological Survey Institute, with the approval number IMA No. 2025-014. The discovery of Huanghoite-(Nd) is one of the innovative outcomes of the comprehensive budget project of the Inner Mongolia Autonomous Region Natural Resources Department, titled “Study on the Distribution Patterns and Occurrence Regularities of Rare Earth Elements in the Bayan Obo Deposit.” The research team, in collaboration with researchers from Jiangxi University of Applied Science and the Beijing Research Institute of Uranium Geology, named and submitted the mineral for approval.

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:

Rare earth market update on July 21, 2025

At the beginning of the week, the domestic rare earth market maintained a sideways trend, with a slightly strained negotiation atmosphere between buyers and sellers due to the interplay of bullish and bearish factors, resulting in moderate market transaction volumes.