Rare earth market update on July 9, 2025
The domestic rare earth market continues to operate with a strong upward trend, driven by increased downstream demand, limited growth in spot supply, and persistently high overseas rare earth prices. Many suppliers are reluctant to sell and are raising prices. However, price trends for mainstream light and heavy rare earth products show some divergence: praseodymium-neodymium (PrNd) prices have seen expanded gains today, while dysprosium-terbium (DyTb) prices remain stable. Currently, praseodymium-neodymium oxide and metal prices are approximately 455,000 yuan/ton and 558,000 yuan/ton, respectively.
According to CTIA GROUP LTD, the main reasons for increased demand include: first, the past two months mark the traditional consumption season for rare earth permanent magnet materials, as September and October are peak seasons for the automotive market, prompting car manufacturers to stock up in advance and indirectly boosting rare earth usage; second, with current rare earth prices still relatively low and their strategic importance growing, downstream users are showing stronger interest in inquiries and purchases.
Data from the Baotou Industry and Information Technology Bureau indicates that in June, among the eight key rare earth products monitored, four saw month-on-month price increases, two remained stable, and two declined. The largest month-on-month increase was for praseodymium-neodymium metal, with an average price of 544,111 yuan/ton, increased by 41,111 yuan/ton (an 8.2% rise); year-on-year, it increased by 96,111 yuan/ton (a 21.5% rise). Year-on-year, seven products saw price increases, with one declining; the highest year-on-year rise was for cerium oxide, averaging 10,900 yuan/ton, decreased by 600 yuan/ton month-on-month (a 5.2% drop), but increased by 3,600 yuan/ton year-on-year (a 49.3% rise).
Price of rare earth products on July 9, 2025
Neodymium oxide picture
