Neodymium Oxide Prices - December 18, 2024

The domestic rare earth market is generally showing a downward trend across various products. 

Notably, praseodymium-neodymium (Pr-Nd) metal prices have decreased by approximately 3,000 RMB/ton; Neodymium oxide prices have fallen by about 4,000 RMB/ton; Terbium oxide prices have dropped by around 20 RMB/kg; Holmium oxide prices have declined by approximately 5,000 RMB/ton; Dysprosium alloy prices have decreased by about 10,000 RMB/ton.

Due to the continuous decline in raw material prices, the prices of rare earth permanent magnets and their scrap materials have also experienced a decrease, such as the 55N neodymium-iron-boron magnet block and neodymium-iron-boron dysprosium scrap, which have dropped by 3 RMB/kg and 22 RMB/kg, respectively. This decline is mainly attributed to the lack of significant growth in downstream demand for an extended period, along with the weakening support from favorable factors. As a result, many suppliers have become less confident in maintaining stable prices.

It is worth mentioning that, according to a recent investor relations activity report released by Shenghe Resources, the largest application in the rare earth industry currently remains neodymium-iron-boron (NdFeB) magnets. The development of downstream industries related to smart electric and energy-saving low-carbon sectors, including new energy vehicles, wind power, variable frequency air conditioning, consumer electronics, energy-efficient industrial motors, and humanoid robots, is expected to drive future rare earth demand growth.

For the rare earth price outlook in 2025, the main influencing factors could include: The potential release of supplementary policies related to the Rare Earth Management Regulations; The supply situation of imported ores, particularly from Myanmar.

According to a report from the Jiangxi Development and Reform Commission, in November 2024, the sales prices of high-yield oxide (rare earth) and medium-yield europium oxide (rare earth) in Ganzhou, Jiangxi province were 197,000 RMB/ton and 172,000 RMB/ton, respectively, showing month-on-month declines of 6.19% and 7.53%, and year-on-year declines of 32.07% and 25.22%. Meanwhile, the sales price of Ganzhou tungsten concentrate was 142,000 RMB/ton, showing a slight month-on-month increase of 2.16%, and a year-on-year increase of 19.33%.

Prices of rare earth products on December 18, 2024

Picture of praseodymium oxide

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