Rare earth market update on December 3, 2025
Domestic rare earth prices overall remained in a narrow-range oscillating state, mainly attributed to low downstream procurement willingness, strong reluctance among suppliers to sell while supporting prices, and the absence of major news releases in the market. Today, praseodymium oxide, terbium oxide, and holmium oxide prices were approximately RMB 610,000/ton, RMB 6,470,000/ton, and RMB 498,000/ton respectively.
In the light rare earth market, affected by the recent obvious price increases in mainstream products and tight working capital at downstream rare earth production enterprises, market demand has contracted to some extent, thereby weakening suppliers' confidence in raising prices to a certain degree. In the medium and heavy rare earth market, the buying and selling atmosphere in the market was relatively calm, mainly due to end-user customers basically maintaining rigid-demand procurement and weak initiative among holders to reduce prices for shipments.
On the news front, data from the National Bureau of Statistics show that from January to October 2025, the national mining industry achieved a total profit of RMB 712.33 billion, decreased by 27.8% year-on-year; the manufacturing industry achieved a total profit of RMB 4,505.03 billion, increased by 7.7%; the electricity, heat, gas, and water production and supply industry achieved a total profit of RMB 732.93 billion, increased by 9.5%.
Price of rare earth products on December 3, 2025
Images of neodymium oxide
