Rare Earth Market Update - April 9, 2025

Rare earth market update on April 9, 2025

The domestic rare earth market in China displays a mixed pattern of gains and losses.

Light rare earth prices are trending weaker and consolidating, while medium and heavy rare earth prices maintain a relatively strong performance. Today, the prices of praseodymium-neodymium oxide and praseodymium-neodymium metal both dropped by approximately 3,000 yuan, whereas the prices of gadolinium oxide, terbium oxide, and dysprosium-iron alloy rose by about 4,000 yuan, 200 yuan, and 40,000 yuan, respectively.

In the light rare earth market, a strong wait-and-see sentiment prevails. With limited consumption capacity among downstream users and low willingness from suppliers to offer price concessions, product prices are generally fluctuating within a reasonable range. In the medium and heavy rare earth market, the overall situation reflects a pattern of high prices with little trading activity. Although factors such as the implementation of export controls on medium and heavy rare earths and restricted imports of rare earth minerals from Myanmar have bolstered suppliers' reluctance to sell and their bullish outlook, the lack of strong buying interest from downstream users has resulted in low transaction volumes.

On the news front, among the eight rare earth products closely monitored by the Baotou City Industry and Information Technology Bureau, seven recorded month-on-month price increases, while one saw a decline. The highest month-on-month increase was for cerium oxide, with an average price of 12,444 yuan/ton, up by 3,882 yuan/ton—a rise of 45.3%—and a year-on-year increase of 5,294 yuan/ton, or 74.0%. Year-on-year, seven products saw price increases, while one experienced a decline, with cerium oxide again recording the highest year-on-year gain.

Price of rare earth products on April 9, 2025

Praseodymium oxide picture

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