I. Analysis of China’s Rare Earth Price Trends in May 2025
According to CTIA GROUP LTD, the overall price trend of rare earth products in China during May 2025 showed an initial increase followed by a slight decline, with the end-of-month prices for most products higher than at the beginning of the month. For instance, praseodymium-neodymium metal price increased by approximately 30,000 yuan/ton, praseodymium-neodymium oxide price by about 23,000 yuan/ton, and terbium oxide price by around 400 yuan/kg this month.
In early May, following the end of the May Day holiday, downstream users exhibited strong restocking sentiment. Combined with rising overseas rare earth prices, limited imports of rare earth products in China, and rapid growth in emerging industries, suppliers raised their quotes, driving a sustained price increase in the first half of the month. In late May, as downstream demand failed to keep pace as expected, China’s export controls on rare earths were further strengthened, and manufacturers maintained normal production rhythms, leading to a faster accumulation of spot inventory. Additionally, with rare earth prices at relatively high levels, some holders showed a strong desire to take profits, resulting in a price pullback. However, supported by production costs, the price decline remained modest.
II. Average Prices of Rare Earth Products in May 2025
In May 2025, the prices of most rare earth products in China decreased month-on-month but increased year-on-year. Specifically, the average price of praseodymium oxide was 445,000 yuan/ton, decreased by 1.18% month-on-month, increased by 9.44% year-on-year; neodymium oxide was 435,789 yuan/ton, decreased by 1.93% month-on-month, increased by 7.39% year-on-year; praseodymium-neodymium oxide was 428,684 yuan/ton, increased by 0.65% month-on-month, increased by 7.84% year-on-year; praseodymium-neodymium metal was 527,053 yuan/ton, increased by 0.52% month-on-month, increased by 6.78% year-on-year; terbium oxide was 7,095 yuan/kg, increased by 2.90% month-on-month, increased by 8.45% year-on-year; dysprosium oxide was 1,639,474 yuan/ton, decreased by 1.21% month-on-month, decreased by 19.86% year-on-year; and dysprosium-iron alloy was 1,598,947 yuan/ton, decreased by 1.55% month-on-month, decreased by 20.19% year-on-year.
From January to May 2025, the prices of most rare earth products in China increased year-on-year. Specifically, the average price of praseodymium oxide was 447,694 yuan/ton, increased by 12.41% year-on-year; neodymium oxide was 440,582 yuan/ton, increased by 11.31% year-on-year; praseodymium-neodymium oxide was 428,918 yuan/ton, increased by 10.81% year-on-year; praseodymium-neodymium metal was 527,857 yuan/ton, increased by 9.95% year-on-year; terbium oxide was 6,536 yuan/kg, increased by 8.79% year-on-year; dysprosium oxide was 1,674,694 yuan/ton, decreased by 15.25% year-on-year; and dysprosium-iron alloy was 1,637,439 yuan/ton, decreased by 15.57% year-on-year.
