Rare earth market update on June 20, 2025
This week, the domestic rare earth market exhibited a pattern of both rising and falling prices. Early in the week, limited downstream inquiries and relatively ample spot supplies for some products led many suppliers to slightly lower their quotes. However, nearing the weekend, bolstered by stronger production cost support and increased low-price procurement enthusiasm from downstream users, prices for certain products saw an uptick.
According to CTIA GROUP LTD, this week, praseodymium-neodymium oxide prices dropped by approximately 4,000 yuan/ton, a 0.90% decline; praseodymium-neodymium metal prices fell by about 6,000 yuan/ton, a 1.10% drop; terbium oxide prices decreased by around 80 yuan/kg, a 1.11% reduction; dysprosium oxide prices declined by approximately 10,000 yuan/ton, a 0.61% decrease; 55N neodymium-iron-boron blank prices fell by about 1 yuan/kg, a 0.47% drop; and neodymium-iron-boron scrap (praseodymium-neodymium) prices decreased by 5 yuan/kg, a 1.02% decline. This indicates that price reductions this week outweighed price increases.
In related news, on June 18, 2025, Lynas Corporation of Australia announced that its advanced materials plant in Malaysia successfully achieved the first mass production of terbium oxide. This follows the company’s initial production of dysprosium oxide in May 2025, marking its second heavy rare earth oxide product. The raw materials for Lynas’ terbium oxide and dysprosium oxide are sourced from the Mt Weld rare earth deposit in Western Australia.
Price of rare earth products on June 20, 2025
Neodymium oxide picture
