According to data from the United States Geological Survey (USGS), in 2024, the United States' rare earth concentrate production is expected to be 45,000 tons, an increase of about 8.17% year-on-year; the production of rare earth compounds and metals is expected to be 1,300 tons, an increase of about 420% year-on-year; the import volume of rare earth compounds is expected to be 8,000 tons, a decrease of about 10.31% year-on-year; the import volume of ferrocerium and alloys is expected to be 220 tons, a decrease of about 15.06% year-on-year; the import volume of rare earth metals, scandium and yttrium is expected to be 90 tons, a decrease of about 81.09% year-on-year; the export volume of rare earth ores and compounds is expected to be 43,000 tons, an increase of about 107.73% year-on-year; the export volume of ferrocerium and alloys is expected to be 1,100 tons, an increase of about 34.64% year-on-year; the export volume of rare earth metals, scandium and yttrium is expected to be 320 tons, an increase of about 407.94% year-on-year; the apparent consumption of rare earth compounds and metals is expected to be 6,600 tons, a decrease of about 34.65% year-on-year.

Rare earth market update on February 24, 2025

At the beginning of the week, the overall center of gravity of domestic rare earth prices moved downward, mainly due to the significant increase in the price of rare earth products near the weekend last week, while downstream demand followed up slowly, which led to a rational reduction in suppliers' quotations.

Recently, the Baotou Industry and Information Technology Bureau reported that in 2024, the added value of Baotou's industrial enterprises above designated size increased by 14.3% year-on-year, surpassing the national average (5.8%) by 8.5 percentage points and the regional average (6.8%) by 7.5 percentage points. This marks 52 consecutive months of double-digit growth.

Rare earth market update on February 21, 2025

This week, the domestic rare earth market exhibited a pattern of initial decline followed by a rebound.

Recently, the United States Geological Survey (USGS) released the global rare earth production and reserves in 2024, as well as the situation of the rare earth industry in the United States. The following is the relevant content compiled by China Tungsten Online.

According to China Tungsten Online, in order to implement the "Rare Earth Management Regulations", effectively protect and rationally develop and utilize rare earth resources, maintain ecological security, and promote the high-quality development of the rare earth industry, the Raw Materials Industry Department of the Ministry of Industry and Information Technology has drafted the "Measures for the Total Control of Rare Earth Mining and Rare Earth Smelting and Separation (Interim) (Draft for Public Comments)" and "Measures for the Information Traceability of Rare Earth Products (Interim) (Draft for Public Comments)".

Rare earth market update on February 20, 2025

There is no significant change in the overall center of gravity of domestic rare earth prices.

Recently, it was learned from the China Geological Survey of the Ministry of Natural Resources that China's new-round strategic actions for breakthroughs in mineral exploration have achieved remarkable results. Ten one-billion-ton-class oil fields and nineteen one-hundred-billion-cubic-meter-class gas fields have been discovered. Ten large-scale or above uranium deposits have been found, leading to a substantial increase in uranium resources. The resource volumes of 12 minerals, including copper, aluminum, gold, gallium, germanium, and indium, have increased significantly. Substantial breakthroughs have been made in minerals related to strategic emerging industries such as rare earths, lithium, zirconium, hafnium, and helium.

Recently, Baiyun Obo has proposed and innovatively designed a new pattern for the construction of a "2+3+N" industrial system. "2+3+N" refers to "2 flagship industry chains (the mineral resources comprehensive utilization industry chain and the rare earth industry chain) + 3 key development industry clusters (new materials, the modern logistics cluster, and the enclave economic industrial park) + N key focus industries".

Rare earth market update on February 19, 2025

The overall domestic rare earth market remains tepid, primarily reflected in the cautious sentiment among traders, reasonable fluctuations in the prices of mainstream products, and the scarcity of new orders.