Rare earth market update on June 4, 2025
The domestic rare earth market is maintaining a stable, sideways trend, with a subdued trading atmosphere due to low downstream demand and suppliers' reluctance to lower prices, resulting in limited new orders. However, in the long term, the rapid growth of terminal industries such as new energy vehicles, smart manufacturing, robotics, wind power, home appliances, consumer electronics, drones, and energy-saving and environmental protection sectors is expected to drive a surge in demand for rare earth products. This is particularly true for key elements like praseodymium, neodymium, terbium, and dysprosium, which are essential for magnetic materials, with their demand likely to see significant growth. The continued prosperity of the new energy sector will serve as a major driving force for the consumption growth of NdFeB magnetic materials.
According to the Baotou Media Center, as of now, Baotou City holds 2,086 valid rare earth patents, surpassing other major rare earth industry hubs in China, such as Ningbo (2,017 patents) and Ganzhou (1,918 patents), by 69 and 168 patents, respectively, securing a leading position nationwide. Within Baotou, the Baotou Rare Earth High-Tech Zone, as the core area for the city’s rare earth industry development, holds 1,895 valid rare earth patents, accounting for 90.84% of the city’s total, making it a critical force in supporting technological innovation in Baotou’s rare earth industry.
Price of rare earth products on June 4, 2025
Neodymium oxide picture
