Rare earth market update on March 11, 2026
The domestic rare earth market has performed poorly overall, with the price decline of most products widening compared to previous days. The price of praseodymium-neodymium oxide has decreased by approximately RMB 30,000/ton, praseodymium-neodymium metal by approximately RMB 50,000/ton, and erbium oxide by approximately RMB 2,000/ton.
In the light rare earth market, the buying and selling atmosphere is weak. The price of praseodymium-neodymium raw materials continues to decline due to insufficient price stabilization efforts from suppliers and low consumption enthusiasm from magnetic material companies. In this market situation, the prices of rare earth permanent magnet materials and their scrap materials are also declining. In the medium and heavy rare earth market, there is generally a "price but no market" pattern. Although downstream demand is lower than expected and there is relatively sufficient supply of raw materials, making it difficult for product prices to increase, the strong cost support means suppliers have limited room to lower prices.
According to the Jiangxi Provincial Development and Reform Commission's official website, in February 2026, the average sales price per ton of high-yttrium oxide (rare earth) and middle yttrium-europium compound (rare earth) in Ganzhou were RMB 174,000 and RMB 208,000, respectively. These prices decreased by 5.95% and increased by 12.43% month-on-month, and decreased by 13.00% and increased by 14.29% year-on-year. The average sales price per ton of Ganzhou tungsten concentrate was RMB 680,000, increasing by 41.67% month-on-month and by 370.59% year-on-year.
Price of rare earth products on March 11, 2026
Images of erbium oxide
