Rare earth market update on March 16, 2026
On Monday, the domestic rare earth market showed a generally stable performance, with slight differences in the price trends of mainstream light and heavy rare earth products. In the light rare earth market, under the circumstances of relatively high procurement willingness from magnet manufacturers at lower prices and tighter low-priced supply in the market, the prices of praseodymium and neodymium continued to rebound. Specifically, the prices of praseodymium oxide and neodymium oxide increased by approximately RMB 20,000/ton and RMB 6,000/ton, respectively. In the medium and heavy rare earth market, due to a relatively balanced supply and demand relationship, the prices of gadolinium and terbium remained stable.
In terms of news, data from the National Bureau of Statistics shows that from January to February 2026, the industrial power generation of large-scale enterprises reached 1,571.8 billion kWh, an increase of 4.1% year-on-year, with a growth rate that accelerated by 4.0 percentage points compared to December 2025. By product type, from January to February, the industrial thermal power generation of large-scale enterprises increased by 3.3% year-on-year, compared to a decrease of 3.2% in December 2025; industrial hydroelectric power generation increased by 6.8%, with a growth rate that accelerated by 2.7 percentage points; industrial nuclear power generation increased by 0.8%, with a growth rate that slowed by 2.3 percentage points; industrial wind power generation increased by 5.3%, with a growth rate that slowed by 3.6 percentage points; industrial solar power generation increased by 9.9%, with a growth rate that slowed by 8.3 percentage points.
Price of rare earth products on March 16, 2026
Images of neodymium oxide
