Rare earth market update on December 25, 2025
The domestic rare earth market overall maintained stable operation. Against the background of strong wait-and-see sentiment among downstream users, low willingness among suppliers to reduce prices for shipments, and the absence of major news releases in the market, product prices basically fluctuated within a reasonable range, with few new orders.
In the light rare earth market, the pace of praseodymium-neodymium price increases has slowed down, mainly attributed to no obvious increase in downstream demand and insufficient motivation among suppliers to raise prices. It is reported that factors such as current high prices of praseodymium-neodymium series products, relatively tight funding for downstream rare earth enterprises, and general confidence among industry players in the future market have jointly led to low inquiry activity in the market.
In the medium and heavy rare earth market, the overall trend remained weak and stable. With traders basically signing long-term agreement orders and relatively ample current spot market supply, transaction volume in the spot market was low. Today, gadolinium oxide, erbium oxide, and holmium oxide prices consolidated around RMB 158,000/ton, RMB 354,000/ton, and RMB 493,000/ton respectively.
On the news front, according to Baotou Statistics WeChat, from January to November 2025, fixed asset investment in Baotou City increased by 6.1% year-on-year, respectively higher than the national level (-2.6%) and autonomous region level (3.5%) by 8.7 and 2.6 percentage points. Among them, industrial investment increased by 12.5% year-on-year, higher than total investment by 6.4 percentage points, driving total investment growth by 9.4 percentage points. Wind power industry and hydrogen energy storage industry investment increased by 1.2 times and 1.8 times year-on-year respectively, driving total investment growth by 6.4 and 4.5 percentage points respectively.
Price of rare earth products on December 25, 2025
Images of neodymium oxide
