Rare earth market update on April 28, 2025
The domestic rare earth market in China continues to operate in a sideways trend, with a cautious atmosphere prevailing due to the conflicting dynamics of suppliers' reduced willingness to lower prices and persistently weak downstream demand, resulting in slow order growth. Today, prices for praseodymium-neodymium oxide, terbium oxide, and dysprosium oxide are approximately 408,000 yuan/ton, 6,750 yuan/kg, and 1,600,000 yuan/ton, respectively.
From the supply side, despite limited imports of overseas rare earth ores and a steady capacity release from domestic rare earth manufacturers, spot inventory levels for certain products remain high, primarily due to insufficient purchasing power from buyers. However, supported by strong production cost pressures and positive growth in emerging industries, suppliers are generally maintaining rational pricing. According to the Ministry of Natural Resources, the U.S.-based Mountain Pass Materials Company (MP) recently announced a halt in rare earth concentrate exports.
In related news, from January to March 2025, China produced 7.56 million vehicles, up 14.5% year-on-year. Among these, new energy vehicle production maintained rapid growth, increasing by 50.4% year-on-year, with a market share of 41.2%. In March, vehicle production reached 3.01 million units, up 11.9% year-on-year and 42.9% month-on-month, with both passenger and commercial vehicle production showing month-on-month increases.
Price of rare earth products on April 28, 2025
Picture of erbium oxide
