On May 16, 2025, Australian company Lynas announced that its new production line in Malaysia successfully produced dysprosium oxide, marking its first heavy rare earth oxide product. The successful mass production of dysprosium oxide represents a critical step forward in Lynas’ rare earth supply chain development, significantly enhancing its supply chain resilience and opening a new overseas supply pathway for the global rare earth market. Notably, the raw material for this batch of dysprosium oxide comes from the Mt Weld rare earth deposit—a large, high-grade overseas rare earth site—whose abundant reserves and quality ore provide a solid resource foundation for Lynas’ dysprosium oxide production.

Rare earth market update on June 20, 2025

This week, the domestic rare earth market exhibited a pattern of both rising and falling prices. Early in the week, limited downstream inquiries and relatively ample spot supplies for some products led many suppliers to slightly lower their quotes. However, nearing the weekend, bolstered by stronger production cost support and increased low-price procurement enthusiasm from downstream users, prices for certain products saw an uptick.

On June 18, 2025, Lynas, an Australian company, announced that its advanced materials plant in Malaysia successfully achieved the first mass production of terbium oxide. This marks the company’s second heavy rare earth oxide product following the initial production of dysprosium oxide in May 2025. Amid China’s rare earth export controls and high overseas rare earth prices, this milestone by Lynas—the world’s largest rare earth company outside China—holds significant importance. It can help alleviate the urgent demand for rare earth resources in overseas markets and provide a new support point for persifying the global rare earth supply chain.

Rare earth market update on June 19, 2025

The domestic rare earth market continues to operate in a weak trend, with mainstream product prices experiencing varying degrees of decline, such as praseodymium-neodymium oxide dropping by approximately 2,000 yuan/ton, praseodymium-neodymium metal by about 5,000 yuan/ton, and terbium oxide by around 10 yuan/kg.