Rare earth market update on April 3, 2025
This week, the domestic rare earth market maintained a sideways trend, characterized by minimal price changes for most products and low enthusiasm among traders to engage in market activities. Specifically, the price of praseodymium-neodymium oxide rose by approximately 1,000 yuan, a 0.23% increase; terbium oxide increased by about 120 yuan, a 1.86% rise; and dysprosium oxide also saw a similar increase of around 120 yuan, up 1.86%.
According to China Tungsten Online, several factors influenced this week’s rare earth market dynamics:
Global Economic Uncertainty: Amid a complex and volatile global economic environment, magnetic material companies and end customers have adopted a cautious approach to consumption, limiting demand growth.
Price Dynamics and Market Sentiment: Compared to the beginning of the year, rare earth raw material prices remain elevated, creating a divergence in sentiment between buyers and sellers. Some suppliers are keen to lock in profits, while buyers exhibit reluctance to accept high-priced supplies, leading to a standoff in transactions.
Supply Constraints from Myanmar: Obstructions in Myanmar’s rare earth import channels have restricted the growth of domestic spot market supply, providing a stabilizing effect on price trends to some extent.
On April 3, 2025, the United States announced a 25% tariff increase on imported automobiles, effective from April 3, 2025. New energy vehicles (NEVs) represent a significant application area for rare earth permanent magnet materials. Theoretically, this tariff hike will raise the price of imported vehicles, increasing consumer purchase costs and potentially reducing car sales. This, in turn, could lead to a decline in demand for rare earth permanent magnet materials, impacting the rare earth market indirectly.
Price of rare earth products on April 3, 2025
Erbium oxide picture
