Rare earth market update on December 24, 2025
The domestic rare earth market overall showed slight improvement, mainly reflected in price increases for mainstream light rare earth products and some stabilization in heavy rare earth prices. Today, praseodymium oxide, praseodymium-neodymium oxide, and praseodymium-neodymium metal prices continued to increase by approximately RMB 10,000/ton, RMB 6,000/ton, and RMB 25,000/ton respectively.
In the light rare earth market, the overall situation was one of "prices exist but no market", with praseodymium-neodymium suppliers significantly raising quotations affected by expectations of tightening raw material supply and rapid development of rare earth downstream industries, but slow downstream demand follow-up led to few transactions. In the medium and heavy rare earth market, insufficient consumption capacity among buyers and difficulty for production costs to provide effective support for product prices made it hard for holders to raise quotations, but affected by the recent significant rise in praseodymium-neodymium prices, some product prices have shown signs of stopping the decline.
On the news front, according to Baotou Statistics WeChat, from January to November 2025, the value added of industrial enterprises above designated size in Baotou City increased by 11.3% year-on-year, increased by 0.5 percentage points compared to January-October, respectively higher than the national level (6%) and autonomous region level (6.5%) by 5.3 and 4.8 percentage points, maintaining the first place in the autonomous region for two consecutive months. Among them, the rare earth industry value added in Baotou City increased by 24.6% year-on-year.
Price of rare earth products on December 24, 2025
Images of neodymium oxide
