Rare earth market update on July 2, 2025
The domestic rare earth market is operating steadily, with product prices showing no significant changes and order growth remaining moderate, as traders maintain essential transactions and no major news has been released. Today, at 02:16 PM HKT on Wednesday, July 02, 2025, prices for praseodymium oxide, terbium oxide, and holmium oxide are approximately 464,000 yuan/ton, 7,100 yuan/kg, and 518,000 yuan/ton, respectively.
From the supply side, frequent high-temperature and rainy weather, ongoing environmental enforcement, soft downstream demand, and price pressures have slowed the capacity release of many rare earth manufacturers. Limited imports of overseas rare earth products further restrict increases in spot market supply. From the demand side, market demand exhibits a "short-term flat, long-term positive" trend: downstream users are currently adhering to as-needed procurement strategies, leading to low transaction activity, but long-term demand for rare earths is expected to rise, driven by strong growth in industries such as new energy vehicles, robotics, smart appliances, and wind power.
In related news, from January to May 2025, Baotou’s industrial added value above a designated scale grew by 12.3% year-on-year, surpassing the national (6.3%) and regional (6.5%) averages by 6.0 and 5.8 percentage points, respectively, marking 57 consecutive months of double-digit growth. Notably, the added value of the three flagship industries—rare earth, crystalline silicon photovoltaic, and onshore wind power equipment—rose by 12.7%, 13.5%, and 29.6% year-on-year, respectively, collectively contributing 5.8 percentage points to the growth of industrial added value above a designated scale, supporting nearly half of the industrial economy. Additionally, the added value of the aluminum industry increased by 4.3%, and the power sector grew by 6.5%.
Price of rare earth products on July 2, 2025
Neodymium oxide picture
