Rare earth market update on April 29, 2025

Domestic rare earth prices in China are consolidating within a reasonable range, with praseodymium oxide at approximately 433,000 yuan/ton, gadolinium oxide at 163,000 yuan/ton, and dysprosium oxide at 1,600,000 yuan/ton. Market activity remains subdued, with few new orders. 

In 2024, China Rare Earth reported revenue of 3.027 billion yuan, down 24.09% year-on-year; net profit attributable to shareholders was -287 million yuan, a decline of 168.69% year-on-year; non-recurring profit-adjusted net profit was 145 million yuan, down 158.65% year-on-year; net cash flow from operating activities was 594 million yuan, down 271.65% year-on-year; basic earnings per share were -0.27 yuan, down 163.94% year-on-year; total assets at the end of the reporting period were 5.486 billion yuan, down 0.92% year-on-year; and equity attributable to shareholders was 4.643 billion yuan, down 4.39% year-on-year.

In the first quarter of 2025, China Rare Earth reported revenue of 728 million yuan, up 141.32% year-on-year; net profit attributable to shareholders was 72.62 million yuan, up 125.15% year-on-year; non-recurring profit-adjusted net profit was 66.22 million yuan, up 122.83% year-on-year; net cash flow from operating activities was -119 million yuan, up 76.46% year-on-year; basic earnings per share were 0.068 yuan, up 125.14% year-on-year; total assets at the end of the reporting period were 5.293 billion yuan, down 3.51% year-on-year; and equity attributable to shareholders was 4.717 billion yuan, up 3.51% year-on-year.

Rare earth market update on April 28, 2025

The domestic rare earth market in China continues to operate in a sideways trend, with a cautious atmosphere prevailing due to the conflicting dynamics of suppliers' reduced willingness to lower prices and persistently weak downstream demand, resulting in slow order growth.