Rare Earth Market Update – February 5, 2025

The domestic rare earth market exhibited a generally stable performance. 

The prices of praseodymium-neodymium oxide, terbium oxide, and dysprosium-iron alloy remained at approximately 417,000 RMB/ton, 5,960 RMB/kg, and 1,640,000 RMB/ton, respectively. This stability was mainly due to the fact that many traders had not yet resumed normal trading activity on the first day after the Chinese New Year holiday.

On the supply side, as downstream demand remained weak for an extended period before the holiday and rare earth manufacturers only slightly reduced production, the market still experienced relatively ample spot supply for some raw materials.

In terms of industry news, China Rare Earth Holdings’ subsidiary, Zhongxi (Hunan) Rare Earth Development Co., Ltd., recently completed the final acceptance of its wholly-owned subsidiary, Zhongxi Yongzhou’s 5,000 t/a rare earth separation and processing project. The project has now entered formal production and operations. This development will strengthen China Rare Earth's core business focus, expand its business scale, and increase its market share, thereby enhancing the company's industrial competitiveness and overall strength. Once fully operational, Zhongxi Yongzhou will have the capacity to process 5,000 tons of ion-adsorption rare earth ore annually, producing up to 15 types of single or mixed rare earth oxides (salts).

Prices of rare earth products on February 5, 2025

Picture of praseodymium oxide

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