Rare earth market update on June 6, 2025
This week, the domestic rare earth market exhibited a pattern of high prices with low trading volume. Factors such as strong production cost support, continued tight overseas rare earth supply, limited imports of rare earth products in China, and reduced output in some regions have led suppliers to slightly raise their quotes. However, due to low inquiry and purchasing enthusiasm from downstream users, market transaction volumes remain limited.
According to CTIA GROUP LTD, this week’s price changes include: praseodymium-neodymium oxide increased by approximately 8,000 yuan/ton, a rise of 1.84%; praseodymium-neodymium metal increased by approximately 7,000 yuan/ton, a rise of 1.31%; terbium oxide increased by approximately 50 yuan/kg, a rise of 0.70%; dysprosium oxide increased by approximately 20,000 yuan/kg, a rise of 1.23%; 55N neodymium-iron-boron (NdFeB) blanks increased by approximately 2 yuan/kg, a rise of 0.95%; and NdFeB scrap (praseodymium-neodymium) increased by approximately 5 yuan/kg, a rise of 1.06%.
According to the Baotou Industry and Information Technology Bureau, the Xiamen Tungsten Co. Ltd. project with an annual capacity of 20,000 tons of rare earth permanent magnet materials is located in the Baotou Rare Earth Permanent Magnet Motor Industrial Park, with a total investment of 2 billion yuan. The first phase, with an investment of 460 million yuan, involves constructing a 5,000-ton rare earth permanent magnet material project. Currently, two factory buildings have been completed and passed acceptance, with equipment such as hydrogen decrepitation, jet milling, pressing, and sintering units being delivered and installed. The main structure of the comprehensive building, guardhouse renovations, outdoor pipelines, and road paving are complete, while auxiliary buildings are undergoing partition wall construction and interior decoration. The first phase is scheduled to start production in June, with an expected annual sales revenue of 750 million yuan. The project will later expand with a 15,000-ton production line, expected to be completed by the end of 2027. Upon full completion, the total capacity will reach 20,000 tons, with an annual output value of approximately 4 billion yuan.
Price of rare earth products on June 6, 2025
Erbium oxide picture
