Rare earth market update on July 3, 2025
The domestic rare earth market is maintaining a sideways trend, with supplier reluctance to lower prices and limited downstream demand growth keeping mainstream products like praseodymium, neodymium, terbium, and dysprosium series prices fluctuating within reasonable ranges, alongside moderate transaction activity. Today, at 01:55 PM HKT on Thursday, July 03, 2025, prices for praseodymium-neodymium oxide, gadolinium oxide, and dysprosium-iron alloy are approximately 445,000 yuan/ton, 164,000 yuan/ton, and 1,580,000 yuan/ton, respectively.
According to CTIA GROUP LTD, the firm supplier quotes are supported by strong production cost backing, slow growth in spot market supply, and a positive outlook for rare earth downstream industries. However, demand remains weak, influenced by tight funding, a widespread "buy on rise, not on fall" mentality, and a high proportion of long-term contract orders, resulting in fewer spot transactions.
In related news, The Times of India reports that India is considering a rare earth production plan worth 35 billion to 50 billion rupees to boost domestic raw material and magnetic material production, with approval expected within two weeks. This move aims to reduce India's reliance on Chinese rare earth products.
Price of rare earth products on July 3, 2025
Neodymium oxide picture
