Rare earth market update on February 28, 2026
This week, the domestic rare earth prices overall showed a continuous upward trend, mainly benefiting from the gradual recovery of operating rates among downstream rare earth production enterprises after the holiday, the unresolved tight supply issue of raw materials such as praseodymium-neodymium, limited imports of rare earth products in China, and the rising global risk aversion sentiment driving capital flows toward strategic metals, thereby elevating rare earth valuations. However, with current rare earth prices at relatively high levels, downstream demand follow-up remains relatively slow, which may to a certain extent constrain suppliers' room for further quotation increases.
According to CTIA GROUP LTD statistics, in the first week after the Spring Festival, praseodymium-neodymium oxide price increased by approximately RMB 38,000/ton, up 4.44%; praseodymium-neodymium metal price increased by approximately RMB 70,000/ton, up 6.80%; terbium oxide price increased by approximately RMB 100,000/ton, up 1.55%; dysprosium oxide price increased by approximately RMB 150,000/ton, up 10.14%; 55N neodymium-iron-boron blank price increased by approximately RMB 6/kg, up 1.97%; neodymium-iron-boron scrap (praseodymium-neodymium) price increased by approximately RMB 30/kg, up 3.75%.
On the news front: Data from the United States Geological Survey show that in 2025, U.S. rare earth concentrate production is estimated at 51,000 tons, increased by approximately 12.09% year-on-year; rare earth compounds and metals production is estimated at 8,900 tons, increased by approximately 106.98% year-on-year; rare earth compounds imports are estimated at 21,000 tons, increased by approximately 158.62% year-on-year; cerium-iron and alloys imports are estimated at 1,100 tons, increased by approximately 362.18% year-on-year; rare earth metals and alloys imports are estimated at 350 tons, increased by approximately 264.58% year-on-year; rare earth ores and compounds exports are estimated at 14,000 tons, decreased by approximately 62.67% year-on-year; cerium-iron and alloys exports are estimated at 890 tons, decreased by approximately 1.33% year-on-year; rare earth metals and alloys exports are estimated at 430 tons, increased by approximately 23.92% year-on-year; apparent consumption of rare earth compounds and metals is estimated at 27,000 tons, increased by approximately 199.67% year-on-year.
Price of rare earth products on February 28, 2026
Images of neodymium oxide
