Rare earth market update on May 8, 2025
The domestic rare earth prices remain locally stable with slight increases in some areas, with praseodymium-neodymium metal prices rising by approximately 3,000 yuan/ton, terbium oxide by about 90 yuan/kg, and dysprosium oxide by around 20,000 yuan/ton. This is primarily due to a post-May Day holiday uptick in inquiry and procurement activity from some downstream users, as well as rising overseas rare earth prices, which have bolstered confidence in the domestic market to some extent. According to CTIA GROUP LTD, factors such as significant international geopolitical risks and reduced overseas rare earth supply have constrained China's rare earth product imports. While some suppliers have raised their quotes, the downstream procurement response remains insufficient, leaving room for transaction volumes to grow.
According to the Baotou City Statistics Bureau, in Q1 2025, among the 30 key monitored products in Baotou, 18 saw year-on-year output increases. These include rare earth compounds up 6.6%, single rare earth metals up 13.0%, polysilicon up 132.1%, monocrystalline silicon up 65.6%, ferroalloys up 85.3%, and aluminum up 9.5%.
Price of rare earth products on May 8, 2025
Erbium oxide picture
