Rare earth market update on May 15, 2025
The rare earth market in China on May 15, 2025, shows overall price stability within a reasonable range, with prices for praseodymium oxide, gadolinium oxide, holmium oxide, and dysprosium-iron alloy approximately at 450,000 yuan/ton, 172,000 yuan/ton, 525,000 yuan/ton, and 1,620,000 yuan/ton, respectively. Industry participants are currently focused on developments in the overseas rare earth market and changes in tariff policies.
On the positive side: first, China's strengthened export controls on medium and heavy rare earths have driven up international prices, positively influencing domestic market trends; second, promising growth in downstream industries such as robotics, new energy vehicles, and wind power, which rely heavily on rare earth functional materials, supports suppliers in maintaining firm quotes. On the negative side: complex global economic conditions and tight funding have dampened the inquiry and purchasing enthusiasm of magnet manufacturers and other downstream users.
According to the National Bureau of Statistics, in April 2025, the national producer price index for industrial products dropped 0.4% month-on-month, while the purchase price index for industrial producers fell 0.6%. Within the producer price index, mining industry prices declined by 2.1%, raw material industry prices by 1.0%, and processing industry prices by 0.2%. In the purchase price index, chemical raw material prices decreased by 0.7%, ferrous metal material prices by 0.6%, building material and non-metallic product prices by 0.4%, while non-ferrous metal material and wire prices rose by 0.7%.
Price of rare earth products on May 15, 2025
Praseodymium oxide picture
