Rare earth market update on January 12, 2026
On Monday, domestic rare earth prices overall showed a trend of high-level pullback, with praseodymium-neodymium oxide, terbium oxide, and dysprosium oxide prices decreasing by approximately RMB 4,000/ton, RMB 50,000/ton, and RMB 60,000/ton respectively. This was mainly due to the slow pace of downstream demand follow-up and the relatively abundant spot supply in the market.
It is understood that factors such as the complex and volatile global economic situation, the generally tight liquidity faced by downstream rare earth enterprises, and the current rare earth prices being at a relatively high level compared to before New Year's Day have collectively led to relatively low market transaction volumes.
In terms of news, Northern Rare Earth issued an announcement stating that, based on the rare earth concentrate pricing method and the rare earth oxide prices for the fourth quarter of 2025, the transaction price for rare earth concentrate in the first quarter of 2026 has been adjusted to RMB 26,834/ton (dry basis, REO=50%), with an increase or decrease of RMB 536.68/ton (excluding tax) for every 1% increase or decrease in REO.
Price of rare earth products on January 12, 2026
Images of neodymium oxide
