Chinese Rare Earth Prices - June 26, 2024

Chinese rare earth prices continue to shift slightly downward.

 Factors such as low purchasing enthusiasm from downstream users and current rare earth raw material prices nearing production cost lines have led to differing mindsets among suppliers: some continue to lower their quotes, while others hold firm. Today, praseodymium-neodymium oxide and terbium oxide prices have fallen to approximately 1,000 RMB/ton and 50 RMB/kg, respectively, while praseodymium-neodymium metal and holmium oxide prices are stabilizing at around 449,000 RMB/ton and 495,000 RMB/ton, respectively.

According to reports from Nonferrous Metals News, in May 2024, the business climate index for China’s nonferrous metals industry was 28.2, an increase of 0.6 points from the previous month; the leading index was 84.5, an increase of 2.9 points from the previous month; and the coincident index was 72.7, a decrease of 1.1 points from the previous month. The leading index in May 2024 was 84.5, up 2.9 points from the previous month. After seasonal adjustments, six indicators showed a year-on-year increase: the LMEX index, the M2 index, automobile production, household appliance combinations, monthly fixed asset investment, and nonferrous metal import volume, with increases of 2.4%, 8.2%, 4.9%, 14.8%, 18.1%, and 16.0%, respectively.

Prices of rare earth products on June 26, 2024

Picture of neodymium oxide

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