Rare earth market update on April 17, 2025
The domestic rare earth market in China exhibited a widespread downward trend, with prices for praseodymium oxide, praseodymium-neodymium metal, terbium oxide, and dysprosium oxide falling by approximately 8,000 yuan/ton, 4,000 yuan/ton, 100 yuan/kg, and 28,000 yuan/ton, respectively. However, despite this decline, market transaction volumes did not see a significant increase.
According to CTIA GROUP LTD, several factors influenced the rare earth market dynamics:
Previous Price Surge and Downstream Caution: Earlier, the implementation of rare earth export controls and difficulties in importing rare earth minerals from Myanmar drove significant price increases for both light and heavy rare earths. However, as raw material prices rose, downstream users became increasingly cautious due to high prices, leading to sluggish growth in market orders.
Stable Supply: Domestic rare earth mining and smelting enterprises have largely maintained normal production rhythms, resulting in relatively stable spot supply in the market.
Growing Demand: The development of industries such as new energy vehicles, robotics, and wind power generation is expected to further increase demand for rare earth functional materials, significantly bolstering suppliers’ confidence in maintaining firm prices.
According to the National Bureau of Statistics, in the first quarter of 2025, the value-added of industrial enterprises above designated size in China continued to grow at a relatively fast pace, increasing by 6.5% year-on-year. This represents a 0.6 percentage point acceleration compared to January-February and a 0.7 percentage point increase compared to the full year of the previous year. By sector:
Mining industry value-added grew by 6.2%, accelerating by 1.9 percentage points from January-February.
Manufacturing grew by 7.1%, up 0.2 percentage points.
Electricity, heat, gas, and water production and supply industries grew by 1.9%, up 0.8 percentage points.
Price of rare earth products on April 17, 2025
Picture of praseodymium oxide
