Rare earth market update on March 26, 2025
The overall trend of the domestic rare earth market remains weak, mainly reflected in the following aspects: the prices of mainstream rare earth products have experienced varying degrees of decline; suppliers lack confidence in stabilizing market prices, making it difficult to form an effective price-supporting force; downstream demand is sluggish, with low inquiry activity and limited new order volumes. Today, the prices of praseodymium-neodymium oxide, holmium oxide, and dysprosium oxide dropped by approximately 2,000 yuan, 3,000 yuan, and 30,000 yuan, respectively. Notably, despite the recent oscillating decline in domestic rare earth raw material prices, the prices of rare earth permanent magnet materials and their scrap have remained firm, which to some extent has curbed the rapid fall of rare earth raw material prices, bringing a hint of stability to the market.
According to news from the Baotou Industry and Information Technology Bureau, from January to February 2025, the electricity generation by industrial enterprises above a designated scale in Baotou City reached 14.1 billion kilowatt-hours, a year-on-year increase of 0.7%, and an improvement of 1.7 percentage points compared to the full year of the previous year. Among this, new energy generation amounted to 3.41 billion kilowatt-hours, up by 56.1%; wind power generation reached 2.32 billion kilowatt-hours, up by 48.7%; and solar power generation totaled 1.06 billion kilowatt-hours, up by 78.3%.
Price of rare earth products on March 26, 2025
Erbium oxide picture
