Rare earth market update on February 21, 2025
This week, the domestic rare earth market exhibited a pattern of initial decline followed by a rebound. At the beginning of the week, influenced by the significant price increases from the previous week, the persistently high rare earth prices, and limited downstream inquiries, suppliers rationally lowered their quotations. However, towards the weekend, the Ministry of Industry and Information Technology (MIIT) released draft regulations for public consultation on rare earth production quotas and information traceability management, which boosted supplier confidence to raise prices. Despite this, market demand remained weak.
According to data from China Tungsten Online, the current prices of key rare earth products showed the following increases compared to last week: Praseodymium-neodymium oxide: +2.30%, Praseodymium-neodymium metal: +1.67%, Terbium oxide: +0.98%, Dysprosium oxide: +1.74%, 55N neodymium iron boron blank blocks: +2.87%, Neodymium iron boron scrap (praseodymium-neodymium): +2.63%. This indicates that the price increases for praseodymium, neodymium, terbium, and dysprosium outweighed any declines.
Policy Update: To implement the Rare Earth Management Regulations, ensure the effective protection and rational development of rare earth resources, maintain ecological security, and promote the high-quality development of the rare earth industry, the Raw Materials Industry Department of MIIT has drafted two regulatory measures:
Interim Measures for Total Control of Rare Earth Mining and Smelting/Separation
Interim Measures for Rare Earth Product Information Traceability Management
Both drafts are now open for public feedback.
Prices of rare earth products on February 21, 2025
Erbium oxide picture
