Rare Earth Market Update - February 10, 2025

Details: Category: Rare Earth News; Published on Monday, 10 February 2025 14:01

Rare earth market update on february 10, 2025

At the beginning of this week, the domestic rare earth market as a whole continued to show a generally upward trend. Among them, the price of praseodymium oxide increased by approximately 5,000 yuan per ton, the price of praseodymium-neodymium metal increased by approximately 6,000 yuan per ton, the price of holmium oxide increased by approximately 5,000 yuan per ton, and the price of dysprosium oxide increased by approximately 10,000 yuan per ton.

Regarding the positive factors: Firstly, some rare earth manufacturers are still in a semi-vacation state, resulting in a slow increase in the supply of some raw material spot. Secondly, many downstream manufacturing enterprises purchased relatively little before the festival, so the remaining amount of raw materials is currently not large, and their enthusiasm for inquiring about prices is relatively high.

Regarding the negative factors: Firstly, the consumption initiative of magnetic material enterprises is relatively low. Secondly, consumers' purchases are basically mainly long-term agreement orders.

In terms of news, data from the National Bureau of Statistics shows that in January 2025, both the ex - factory prices and purchase prices of industrial producers nationwide decreased by 2.3% year-on-year, with the same decline as the previous month; and both decreased by 0.2% month-on-month. Regarding the year-on-year changes in industrial producer prices: In January, among the ex-factory prices of industrial producers, the price of production data decreased by 2.6%, affecting the overall ex-factory price level of industrial producers to decline by approximately 1.95 percentage points. Among them, the price of the extraction industry decreased by 4.9%, the price of the raw material industry decreased by 1.9%, and the price of the processing industry decreased by 2.7%.

Prices of rare earth products on February 10, 2025

China rare earth prices picture