In May 2025, China's rare earth prices showed an initial increase followed by a slight decline. The average price of praseodymium oxide was 445,000 yuan/ton, decreased by 1.18% month-on-month; praseodymium-neodymium oxide averaged 428,684 yuan/ton, increased by 0.65% month-on-month; praseodymium-neodymium metal averaged 527,053 yuan/ton, increased by 0.52% month-on-month; terbium oxide averaged 7,095 yuan/kg, increased by 2.90% month-on-month; and dysprosium-iron alloy averaged 1,598,947 yuan/ton, decreased by 1.55% month-on-month.