Chinese Rare Earth Market Update - January 8, 2025

The Chinese rare earth market is performing moderately. Despite strong support from production costs, reduced output from some rare earth manufacturers, and optimistic development prospects in downstream industries, consumer enthusiasm remains low, leading to a scarcity of new orders.

Today, the price of praseodymium-neodymium oxide increased by 1,000 RMB/ton, terbium oxide rose by 50 RMB/kg, and dysprosium oxide climbed by 20,000 RMB/ton. According to data from China Tungsten Online, the reduction in rare earth production is primarily attributed to the following factors: currently low rare earth prices, ample spot market supply, decreasing temperatures, and stricter enforcement of environmental protection regulations.

Market News

According to the Baotou Industry and Information Bureau, in December 2024, among eight industrial products monitored in Baotou, one product saw a month-on-month price increase, two remained unchanged, and five experienced price decreases. The largest month-on-month decline was in metallic neodymium, with an average price of 507,000 RMB/ton, down by 18,000 RMB/ton (a 3.5% decrease) month-on-month and 57,000 RMB/ton (a 10.1% decrease) year-on-year. Year-on-year, prices for two products increased, while six saw declines, with neodymium oxide experiencing the steepest drop.

Prices of rare earth products on December 8, 2024

Picture of neodymium oxide

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