Chinese Rare Earth Prices - January 15, 2025

Chinese rare earth prices have continued to edge upward, with neodymium oxide prices increasing by approximately 4,000 yuan/ton, praseodymium-neodymium metal prices rising by about 1,000 yuan/ton, terbium oxide prices climbing by roughly 1,000 yuan/kg, and dysprosium oxide prices up by about 10,000 yuan/ton. 

However, despite this trend, transaction volumes in the market have not significantly increased, and the prices of rare earth permanent magnet materials and their scrap have not risen in tandem with raw material prices. As a result, traders are advised to remain cautious in their operations.

According to information from China Tungsten Online, the main factors driving the recent rise in rare earth raw material prices include:

The prolonged and substantial decline in rare earth raw material prices in the earlier period has heightened suppliers’ awareness of maintaining price stability to avoid cost-profit inversions.

The current low prices of rare earth raw materials, combined with the high production difficulty, have led some manufacturers to reduce production.

The promising development prospects of industries such as robotics and new energy are expected to revive the rare earth market, further encouraging many suppliers to raise prices recently.

In related news, according to Eastmoney, Elon Musk stated that if everything progresses smoothly, production of humanoid robots will increase tenfold by 2026. Tesla aims to produce 50,000 to 100,000 humanoid robots in 2026, with plans to increase production tenfold again in 2027.

Prices of rare earth products on January 15, 2025

Chinese rare earth prices image

Picture of erbium oxide

erbium oxide image

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