Rare earth market update on July 17, 2025

The domestic rare earth market maintains stable operations overall, characterized by no significant changes in product prices, moderate sentiment among traders, and limited new orders. 

On July 15, China Rare Earth announced that it expects a net profit attributable to shareholders of 136.27 million to 176.27 million yuan for the first half of 2025, compared to a loss of 244.419 million yuan in the same period last year. The net profit after excluding non-recurring gains and losses is projected to be 131.06 million to 170.06 million yuan, compared to a loss of 254.7415 million yuan in the same period last year. Basic earnings per share are expected to be 0.1284 to 0.1661 yuan, compared to a loss of 0.2303 yuan per share in the same period last year.

On July 15, Apple Inc. and U.S. rare earth company MP Materials announced a $500 million agreement to procure rare earth magnets and jointly establish a rare earth recycling facility in California. This marks a significant move by the U.S. tech giant to support a domestic critical mineral supply chain, reducing reliance on Chinese rare earths.

Rare earth market update on July 16, 2025

The domestic rare earth market is showing an overall sideways and volatile trend, influenced by multiple uncertainties.

On July 11, China Northern Rare Earth announced that, based on the pricing method for rare earth concentrates and the prices of rare earth oxides in Q2 2025, the transaction price for rare earth concentrates in Q3 2025 has been adjusted to 19,109 yuan per ton (dry basis, REO=50%), excluding tax. This represents an increase of 284 yuan per ton, or 1.51%, compared to the Q2 2025 price of 18,825 yuan per ton. For every 1% increase or decrease in REO content, the price, excluding tax, adjusts by 382.18 yuan per ton, an increase of 6 yuan per ton, or 1.51%, compared to Q2 2025 (376.50 yuan per ton).

Rare earth market update on July 15, 2025

The domestic rare earth market continues to perform favorably overall, with light and heavy rare earth product prices showing pergent trends under the interplay of bullish and bearish factors: praseodymium-neodymium (NdPr) product prices continue to rise, while dysprosium and terbium prices remain stable. Currently, industry participants hold high expectations for the market outlook.

Rare earth market update on July 14, 2025

At the beginning of the week, the domestic rare earth market showed a relatively positive overall trend. Driven by strong speculative sentiment among suppliers, the prices of most mainstream products saw varying degrees of increase, with praseodymium-neodymium oxide and erbium oxide prices rising by approximately 3,000 yuan per ton and 7,000 yuan per ton, respectively. 

On July 10, 2025, Northern Rare Earth released an announcement stating that the company expects to achieve a net profit attributable to shareholders of 900 million to 960 million yuan for the first half of 2025, an increase of 855 million to 915 million yuan compared to the same period last year, representing a year-on-year rise of 1882.54% to 2014.71%. It also anticipates a non-GAAP net profit of 880 million to 940 million yuan, an increase of 865 million to 925 million yuan year-on-year, marking a rise of 5538.33% to 5922.76%.

According to the Baotou Industry and Information Technology Bureau, in June 2025, among the 36 key monitored industrial products, month-on-month data shows that prices of 24 products, including cerium oxide, rebar, polyethylene, and PVC, decreased; prices of 3 products, such as lanthanum oxide and lanthanum metal, remained stable; and prices of 9 products, including neodymium metal, A00 aluminum, and #1 copper, increased. Year-on-year, prices of 27 products, such as high wire, hot-rolled coil, and A00 aluminum, decreased, while prices of 9 products, including rare earth carbonate, lanthanum oxide, and praseodymium-neodymium metal, increased.

Rare earth market update on July 11, 2025

This week, domestic rare earth prices exhibited an overall oscillating upward trend, driven by increased inquiry and procurement activity from magnetic material enterprises, limited growth in spot supply, strong support from production costs, and the continued strategic importance of rare earths at the national level.