Rare earth market update on July 23, 2025
The domestic rare earth market outlook is generally stable. With no significant increase in downstream demand and supportive factors gradually weakening, the price increase for praseodymium-neodymium appears to lack momentum, while prices for dysprosium-terbium have been declining steadily. Today, the prices of terbium oxide and dysprosium oxide decreased by approximately 110 yuan per kilogram and 20,000 yuan per ton, respectively.
In the light rare earth market, operations remain generally stable. With the transaction price of China Northern Rare Earth’s praseodymium-neodymium metal at a relatively good level and an anticipated increase in China’s rare earth magnet exports in July, suppliers are maintaining firm quotations. Notably, driven by recent fluctuations and rises in raw material prices, the prices of rare earth permanent magnet materials have also increased, with the price of 52M neodymium-iron-boron blank blocks rising by about 2 yuan per kilogram today.
In the medium and heavy rare earth market, the overall performance is weak. Some suppliers have opted to lower quotations to boost order volumes. However, due to limited increases in spot supply, the resilient performance of the light rare earth market, and the prominent strategic status of mineral resources, the price reduction remains modest.
According to the Baotou Rare Earth Products Exchange, on July 22, 2025, the online transaction results for China Northern Rare Earth’s praseodymium-neodymium metal were as follows: the transaction price was 572,000 yuan per ton for 100 tons, unchanged from July 21, both at the alert price.
In terms of news, data from the National Bureau of Statistics shows that China’s GDP for the first half of 2025 reached 6,605.36 billion yuan, with a year-on-year increase of 5.3% at constant prices, indicating overall stable economic performance. The primary industry added value was 311.72 billion yuan, increasing by 3.7%, contributing 3.6% to economic growth; the secondary industry added value was 2,390.50 billion yuan, increasing by 5.3%, contributing 36.2% to economic growth; and the tertiary industry added value was 3,903.14 billion yuan, increasing by 5.5%, contributing 60.2% to economic growth. Industrial production grew rapidly, with industrial added value increasing by 6.2%, contributing 1.9 percentage points to economic growth. Manufacturing added value increased by 6.6%, contributing 1.7 percentage points to economic growth.
Price of rare earth products on July 23, 2025
Praseodymium oxide picture
