Rare earth market update on December 11, 2025
The domestic rare earth market overall showed a general downward trend, with praseodymium-neodymium oxide, praseodymium-neodymium metal, terbium oxide, and dysprosium-iron alloy prices decreased by approximately RMB 4,000/ton, RMB 5,000/ton, RMB 20,000/ton, and RMB 30,000/ton respectively. It is worth noting that against the background of continuous decline in raw material prices in recent days, prices of rare earth permanent magnet materials and their scrap also fell to varying degrees, such as 55N neodymium-iron-boron blank block prices decreased by approximately RMB 3/kg, neodymium-iron-boron scrap (praseodymium-neodymium) prices decreased by approximately RMB 5/kg, and neodymium-iron-boron scrap (dysprosium) prices decreased by approximately RMB 50/kg.
From the supply side, under the influence of current low rare earth prices, stricter environmental protection policies, high production costs, and insufficient confidence among industry players in the future market, some rare earth mining and smelting enterprises have voluntarily slowed down production pace; combined with limited imports of overseas rare earth products, the growth in spot market supply has become slower. From the demand side, affected by factors such as difficulty in significant short-term price increases for rare earths, tight working capital at downstream rare earth production enterprises, obvious "buy on rise, not on fall" sentiment among traders, and most buyers mainly using long-term contracts as the primary procurement mode, spot market transactions were few.
On the news front, data from the National Bureau of Statistics show that in November 2025, national producer prices for industrial products decreased by 2.2% year-on-year, and industrial producer purchase prices decreased by 2.5% year-on-year. Among them, in producer prices for industrial products, mining industry prices decreased by 6.1%, raw material industry prices decreased by 2.9%, and processing industry prices decreased by 1.9%. Consumer goods prices decreased by 1.5%, affecting the overall producer price level for industrial products by approximately 0.38 percentage points downward. In industrial producer purchase prices, fuel and power prices decreased by 6.9%, building materials and non-metals prices decreased by 5.8%, chemical raw materials prices decreased by 5.0%, ferrous metal materials prices decreased by 3.0%, and non-ferrous metal materials and wire prices increased by 8.1%.
Price of rare earth products on December 11, 2025
Images of neodymium oxide
