Rare Earth Market Update - March 28, 2025

Rare earth market update on March 28, 2025

This week, the domestic rare earth market exhibited an overall trend of fluctuating decline.

With weak supply and demand, coupled with the absence of significant positive news, traders have largely maintained rigid transactions and adopted a wait-and-see approach. This has led to low market activity and sluggish order growth. The main reasons for the difficulty in increasing market demand are as follows: First, as news of the impending resumption of Myanmar's rare earth imports continues to ferment in the market, participants have become increasingly cautious, which is unfavorable to market warming. Second, compared to the end of December last year, rare earth prices have not significantly declined and remain in a high range, hindering the further release of market demand and resulting in weak demand growth. According to statistics from China Tungsten Intelligence, since the end of December last year, terbium oxide prices have risen by approximately 16.22%, praseodymium-neodymium oxide prices by about 10.50%, and praseodymium-neodymium metal prices by around 10.14%.

According to China Tungsten Online, the current price of praseodymium-neodymium oxide has dropped by approximately 3,000 yuan per ton compared to last week, a decline of 0.67%; praseodymium-neodymium metal prices have fallen by about 2,000 yuan per ton, a decrease of 0.37%; terbium oxide prices have decreased by around 130 yuan per kilogram, a drop of 1.98%; dysprosium oxide prices have declined by approximately 40,000 yuan per ton, a reduction of 2.38%; 55N neodymium-iron-boron blank squares remained stable compared to last week; and neodymium-iron-boron scrap prices fell by about 11 yuan per kilogram, a decrease of 2.27%. This indicates that the price decline of heavy rare earths last week was greater than that of light rare earths.

According to the National Bureau of Statistics, in terms of trade-in programs, driven by factors such as subsidies for scrapping and replacing vehicles, the value-added of the automotive manufacturing industry above designated size grew by 12.0% year-on-year in January-February 2025, maintaining double-digit growth for four consecutive months. The production of automobiles and new energy vehicles increased by 13.9% and 47.7%, respectively, while the output of supporting products for new energy vehicles, such as charging piles, rose by 32.2%. Thanks to policies promoting the trade-in of household appliances, the value-added of the household electrical appliance manufacturing industry above designated size grew by 10.1% year-on-year, with double-digit production increases in products such as household refrigerators, air humidity conditioners, room air purifiers, and washing machines.

Price of rare earth products on March 28, 2025

Neodymium oxide picture

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