Rare earth market update on September 2, 2025
The domestic rare earth market is exhibiting an overall stable operational pattern. Under the influence of various uncertainties, the price trends of mainstream light and heavy rare earth products show slight differences: praseodymium-neodymium prices remain temporarily stable, while terbium-dysprosium prices have increased. Today, the prices of terbium oxide and dysprosium oxide increased by approximately 200 yuan per kilogram and 20,000 yuan per ton, respectively.
In the light rare earth market, due to stricter environmental policies and higher production difficulty, the output of some light rare earth manufacturers has decreased. Coupled with limited imports of overseas mines, the market’s spot supply volume is not abundant. However, as current praseodymium-neodymium prices are at a relatively high level, downstream demand is also limited.
In the medium-heavy rare earth market, driven by increased procurement enthusiasm from magnetic material companies at lower prices, the prices of terbium-based products have risen noticeably, with the price of terbium oxide breaking through the 7,300 yuan per kilogram threshold. It is worth noting that the previous price increases for terbium-dysprosium were relatively modest.
In terms of news, Shenghe Resources achieved revenue of 6.179 billion yuan in the first half of 2025, increased by 13.62% year-on-year; net profit attributable to shareholders of the parent company was 377 million yuan, increased by 650.09% year-on-year; net profit after deducting non-recurring gains and losses was 364 million yuan, increased by 615.47% year-on-year. During the reporting period, influenced by changes in market supply-demand patterns and other factors, the prices of the company’s main rare earth products rose year-on-year. Seizing market opportunities, the company optimized product production and marketing, enhanced management empowerment and cost control, leading to a year-on-year increase in sales of major products, which drove a turnaround from losses and achieved a profit forecast.
Price of rare earth products on September 2, 2025
Neodymium oxide picture
