Rare earth market update on February 26, 2025

The domestic rare earth market, on the whole, shows a scenario of a price-driven but market-sluggish situation.

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 25, 2025

The overall center of gravity of domestic rare earth prices has moved up again, among which the price of praseodymium oxide has increased by about 4,000 yuan/ton, the price of praseodymium-neodymium oxide has increased by about 8,000 yuan/ton, the price of erbium oxide has increased by about 2,000 yuan/ton, and the price of terbium oxide has increased by about 50 yuan/kg.

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.