Rare earth market update on May 21, 2025
The domestic rare earth market has shown a trend of rising and then falling. Previously, mainstream light and heavy rare earth product prices surged due to rising overseas rare earth prices and strengthened export control policies on strategic minerals in China. However, due to weak downstream demand follow-through and a rapid increase in spot supply, supplier quotes have recently decreased. Today, May 21, 2025, prices for praseodymium-neodymium oxide, gadolinium oxide, and dysprosium-iron alloy decreased by approximately 7,000 yuan, 3,000 yuan, and 30,000 yuan, respectively. According to CTIA GROUP LTD, the complex and volatile global economic situation, coupled with currently high rare earth prices, are the main factors limiting demand growth.
According to the Baotou Industry and Information Technology Bureau, in April 2025, among the eight rare earth products closely monitored by the bureau, three saw month-on-month price increases, while five experienced declines. The largest month-on-month drop was for rare earth carbonate, with an average price of 34,400 yuan/ton, which decreased by 1,517 yuan/ton, a decline of 4.2%; however, it increased by 2,550 yuan/ton year-on-year, a rise of 8.0%. Year-on-year, seven products saw price increases, while one saw a decline, with the largest year-on-year increase being cerium oxide, averaging 12,650 yuan/ton, which increased by 5,350 yuan/ton, a rise of 73.3%.
Price of rare earth products on May 21, 2025
Praseodymium oxide picture
