Rare earth market update on June 16, 2025
At the beginning of the week, the domestic rare earth market exhibited a weak trend, with limited supplier price concessions and lackluster downstream demand growth leading to a subdued trading atmosphere. Some product prices saw a slight downward shift, and market participants expressed cautious confidence in future prospects. Today, praseodymium-neodymium metal, terbium oxide, and dysprosium-iron alloy prices dropped by approximately 2,000 yuan/ton, 50 yuan/kg, and 20,000 yuan/ton, respectively. However, bolstered by robust production cost support, a leading trend in overseas rare earth markets, and strong growth in emerging industries, supplier quotes demonstrated notable resilience. Notably, the application of rare earth permanent magnet materials in wind power and industrial robotics continues to expand, with global demand for high-performance magnetic materials projected to exceed 500,000 tons by 2030, a 240% increase from 2022.
In related news, CNNC reported on June 15, 2025, that yttrium-90 glass microspheres irradiated at Qinshan Nuclear Power’s “Hefu No. 1” successfully completed their reactor cycle and passed relevant tests, marking China’s mastery of commercial reactor production of yttrium-90, enabling mass production.
Price of rare earth products on June 16, 2025
Neodymium oxide picture
