On June 14, China National Nuclear Corporation (CNNC) Qinshan Nuclear Power Plant achieved another breakthrough: Yttrium-90 (Y-90) glass microspheres irradiated in a heavy water reactor were successfully removed and passed all relevant inspections. This milestone marks China's elimination of its previous heavy reliance on imported Y-90 microspheres and establishes the nation as one of the few in the world capable of producing this cutting-edge medical product using a commercial nuclear reactor.

The first U.S.-China economic and trade consultation mechanism meeting was held in London on June 9-10, 2025. Reports indicate that both sides reached a framework agreement in principle to implement the consensus from the June 5 leaders’ call and the Geneva talks. The U.S. Commerce Secretary stated that the trade framework and implementation plan with China should resolve restrictions on rare earths and magnetic materials.

Rare earth market update on June 17, 2025

The domestic rare earth market has remained in a sideways trend overall, with low trading activity and no significant price fluctuations due to traders largely maintaining rigid, demand-driven transactions. As of today, the prices of neodymium oxide, erbium oxide, and holmium oxide are approximately RMB 450,000/ton, RMB 305,000/ton, and RMB 520,000/ton, respectively.

Rare earth market update on June 16, 2025

At the beginning of the week, the domestic rare earth market exhibited a weak trend, with limited supplier price concessions and lackluster downstream demand growth leading to a subdued trading atmosphere.