Rare earth market update on May 28, 2025
The domestic rare earth market remains generally stable. With most traders focusing on rigid transactions, overall market activity is relatively subdued, and the prices of mainstream light and heavy rare earth products have shown no significant fluctuations. Currently, market participants are mainly paying attention to China’s rare earth export trends, overseas supply conditions, and inquiry trends from downstream customers. Today, the prices of praseodymium oxide, gadolinium oxide, and dysprosium-iron alloy are steady at approximately RMB 448,000/ton, RMB 166,000/ton, and RMB 1,590,000/ton, respectively. Notably, the price of rare earth permanent magnet materials has slightly increased today, with the 55N NdFeB blank block rising by about RMB 1/kg.
According to data from the National Bureau of Statistics, from January to April 2025, industrial enterprises above the designated size in China achieved a total profit of RMB 2,117.02 billion, increased by 1.4% year-on-year. Among them, the mining industry achieved a total profit of RMB 287.5 billion, decreased by 26.8%; the manufacturing industry achieved RMB 1,554.93 billion, increased by 8.6%; and the electricity, heat, gas, and water production and supply industries achieved RMB 274.58 billion, increased by 4.4%.
Price of rare earth products on May 28, 2025
Neodymium oxide picture
