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.

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.

Rare earth market update on June 18, 2025

The domestic rare earth market is operating steadily, with a balanced supply-demand dynamic fostering a subdued trading atmosphere between buyers and sellers. Most rare earth product prices remain stable, while new order volumes are limited.

On June 14, China National Nuclear Corporation (CNNC) Qinshan Nuclear Power Plant achieved another breakthrough: Yttrium-90 (Y-90) glass microspheres irradiated in a heavy water reactor were successfully removed and passed all relevant inspections. This milestone marks China's elimination of its previous heavy reliance on imported Y-90 microspheres and establishes the nation as one of the few in the world capable of producing this cutting-edge medical product using a commercial nuclear reactor.

Rare earth market update on June 17, 2025

The domestic rare earth market has remained in a sideways trend overall, with low trading activity and no significant price fluctuations due to traders largely maintaining rigid, demand-driven transactions. As of today, the prices of neodymium oxide, erbium oxide, and holmium oxide are approximately RMB 450,000/ton, RMB 305,000/ton, and RMB 520,000/ton, respectively.

The first U.S.-China economic and trade consultation mechanism meeting was held in London on June 9-10, 2025. Reports indicate that both sides reached a framework agreement in principle to implement the consensus from the June 5 leaders’ call and the Geneva talks. The U.S. Commerce Secretary stated that the trade framework and implementation plan with China should resolve restrictions on rare earths and magnetic materials.

Rare earth market update on June 16, 2025

At the beginning of the week, the domestic rare earth market exhibited a weak trend, with limited supplier price concessions and lackluster downstream demand growth leading to a subdued trading atmosphere.

Rare earth market update on June 13, 2025

The domestic rare earth market is experiencing poor conditions, with most product prices continuing to decline. Praseodymium-neodymium metal, terbium oxide, and dysprosium-iron alloy prices have decreased by approximately 3,000 yuan/ton, 50 yuan/kg, and 10,000 yuan/ton, respectively.

Rare earth market update on June 12, 2025

The domestic rare earth market is maintaining a generally weak trend, with mainstream product prices declining to varying degrees.

According to a Global Times report citing Nikkei Asia, Japan plans to propose a comprehensive cooperation package with the U.S. during the fifth round of tariff negotiations, focusing on addressing disruptions to Chinese rare earth and U.S. liquefied natural gas (LNG) supply chains amid U.S.-China tensions. Japan aims to collaborate with the U.S. on this front.