Rare earth market update on February 20, 2025

There is no significant change in the overall center of gravity of domestic rare earth prices.

Recently, Baiyun Obo has proposed and innovatively designed a new pattern for the construction of a "2+3+N" industrial system. "2+3+N" refers to "2 flagship industry chains (the mineral resources comprehensive utilization industry chain and the rare earth industry chain) + 3 key development industry clusters (new materials, the modern logistics cluster, and the enclave economic industrial park) + N key focus industries".

Recently, it was learned from the China Geological Survey of the Ministry of Natural Resources that China's new-round strategic actions for breakthroughs in mineral exploration have achieved remarkable results. Ten one-billion-ton-class oil fields and nineteen one-hundred-billion-cubic-meter-class gas fields have been discovered. Ten large-scale or above uranium deposits have been found, leading to a substantial increase in uranium resources. The resource volumes of 12 minerals, including copper, aluminum, gold, gallium, germanium, and indium, have increased significantly. Substantial breakthroughs have been made in minerals related to strategic emerging industries such as rare earths, lithium, zirconium, hafnium, and helium.

Rare earth market update on February 19, 2025

The overall domestic rare earth market remains tepid, primarily reflected in the cautious sentiment among traders, reasonable fluctuations in the prices of mainstream products, and the scarcity of new orders.