Rare earth market update on December 2, 2025
The price trends of mainstream domestic light and heavy rare earth products showed clear divergence, with praseodymium-neodymium metal and praseodymium-neodymium oxide prices increased by approximately RMB 38,000/ton and RMB 30,000/ton respectively, while terbium oxide and dysprosium oxide prices decreased by approximately RMB 80,000/ton and RMB 20,000/ton respectively. It is worth noting that, driven by the continuous rise in praseodymium-neodymium raw material prices in recent days, prices of rare earth permanent magnet materials and their scrap also rose, for example, the price of 52H neodymium-iron-boron blank blocks increased by approximately RMB 8/kg. According to CTIA GROUP LTD, increased downstream demand and production contraction at some rare earth separation enterprises have become the main reasons supporting suppliers' confidence in raising quotations.
On the news front, data from the National Bureau of Statistics show that in November, the Manufacturing Purchasing Managers' Index (PMI) was 49.2%, increased by 0.2 percentage points from the previous month, indicating some improvement in the prosperity level. By enterprise size, the PMI for large enterprises was 49.3%, decreased by 0.6 percentage points from the previous month; the PMI for medium and small enterprises was 48.9% and 49.1% respectively, increased by 0.2 and 2.0 percentage points from the previous month. Among the sub-indices, the production index was 50.0%, increased by 0.3 percentage points from the previous month; the new orders index was 49.2%, increased by 0.4 percentage points from the previous month; the raw material inventory index was 47.3%, flat with the previous month.
Price of rare earth products on December 2, 2025
Images of erbium oxide
