Rare earth market update on April 24, 2025
The domestic rare earth market in China continues to show a downward trend, with prices for praseodymium oxide, praseodymium-neodymium metal, terbium oxide, and dysprosium oxide dropping by approximately 10,000 yuan/ton, 4,000 yuan/ton, 260 yuan/kg, and 30,000 yuan/ton, respectively. Compared to the previous two days, the price declines for these products have intensified. Notably, despite the continuous price drops in recent days, inquiries from downstream users have increased, but actual transaction volumes remain low.
According to CTIA GROUP LTD, factors affecting the current rare earth market include: first, with prolonged weak downstream demand, many rare earth mining and smelting companies continue normal production, leading to relatively abundant spot supply in the market; second, although emerging sectors like new energy vehicles and robotics are growing steadily, their demand-pull effect on rare earths has not yet fully translated to the upstream market.
Price of rare earth products on April 24, 2025
Picture of praseodymium oxide
