Rare earth market update on March 14, 2025
This week, the domestic rare earth market has shown an overall slight upward trend, primarily due to the difficulty in increasing spot supply in the market and a heightened enthusiasm for inquiries and procurement from downstream users. According to China Tungsten Online, the price of praseodymium-neodymium oxide has risen by approximately 4,000 yuan/ton compared to last week, an increase of 0.90%; the price of praseodymium-neodymium metal has increased by about 5,000 yuan/ton, a rise of 0.92%; the price of terbium oxide has gone up by around 80 yuan/kg, a 1.22% increase; the prices of dysprosium oxide and 55N NdFeB blank blocks have remained stable compared to last week; and the price of NdFeB scrap (praseodymium-neodymium) has increased by approximately 11 yuan/kg, a 2.35% rise.
In terms of news, Northern Rare Earth plans to invest 73.3645 million yuan of its own funds to implement the Northern Rare Earth Wet Smelting and Inorganic Functional Materials Pilot Base Construction Project. This initiative aims to further enhance the quality and efficiency of the company's technological achievements transformation, improve the allocation efficiency of scientific and technological resources, and strengthen its innovation capabilities. The project is scheduled to commence construction in June 2025 and is expected to be completed and accepted in May 2026.
Price of rare earth products on March 14, 2025
Praseodymium oxide picture
