Rare earth market update on March 24, 2026
The domestic rare earth market has shown a slight improvement overall, mainly reflected in the continued price increases of most products and an increase in transaction volumes. Today, the prices of praseodymium oxide, praseodymium-neodymium oxide, and dysprosium ferromolybdenum have increased by approximately RMB 4,000 per ton, RMB 20,000 per ton, and RMB 10,000 per ton, respectively. Driven by the continued rebound of praseodymium-neodymium prices, the prices of rare earth permanent magnet materials and their scrap have also slightly increased, with 52H neodymium-iron-boron sintered blocks increasing by about RMB 1 per kilogram.
According to CTIA GROUP LTD, the main reasons for this price increase are: first, due to the significant drop in rare earth prices recently and high energy prices, some suppliers have chosen to raise their quotations in order to avoid the risk of cost inversion; second, compared to the end of February, the current rare earth prices are at relatively low levels, which has stimulated downstream users' consumption willingness to a certain extent.
According to information from the Ministry of Natural Resources, China's new round of breakthrough mineral exploration strategic actions has made new progress. Multiple solid mineral resources, including rare earth ores, fluorite, barite, and antimony, have been discovered in Mianyang, Sichuan, and Dangchang, Gansu.
Price of rare earth products on March 24, 2026
Images of neodymium oxide
