Rare earth market update on March 24, 2025
The overall domestic rare earth market is generally normal, mainly due to the low willingness of suppliers to reduce prices and the difficulty of downstream users to improve their rigid purchasing status. Today, the prices of praseodymium-neodymium metal, terbium oxide and dysprosium oxide dropped by about 2,000 yuan/ton, 20 yuan/kg and 10,000 yuan/ton respectively. According to China Tungsten Online, the price center of gravity of rare earth raw materials has dropped to a certain extent recently, which is a normal market fluctuation; after the Spring Festival, the price of rare earth raw materials has risen significantly, and the current price is still at a high level, which makes consumers generally wait and see.
According to the Baotou Industry and Information Technology Bureau, in January-February 2025, among the six key industries in Baotou City, the added value of steel, aluminum, equipment manufacturing, rare earth, electricity and crystalline silicon photovoltaic industries increased by 3.4%, 8.2%, 44.7%, 8.0%, 8.1% and 19.2% year-on-year respectively. Among them, the three flagship industries of rare earth, crystalline silicon photovoltaics, and onshore wind power equipment together drove the added value of industries above designated size to increase by 7.4 percentage points, and their contribution rate to industries above designated size reached 46.1%.
Price of rare earth products on March 24, 2025
Neodymium oxide picture
