Rare earth market update on March 30, 2026
On Monday, the domestic rare earth market showed a generally stable but slightly weak trend. This was mainly due to the low purchasing enthusiasm from downstream users and the limited space for suppliers to offer discounts. Under the game between supply and demand, market transactions remained at a relatively quiet level. As one of the core demand sectors for rare earths, magnetic material companies have been affected by the complex and volatile macroeconomic situation as well as tight financial conditions, leading to a recent decrease in demand. Many companies are operating with low inventory levels, which further impacted the trading activity in the rare earth market. However, due to strong support from production costs and limited increases in raw material supply in the future, suppliers generally have a low willingness to offer discounts, which has somewhat restrained the downward trend of market prices.
According to data from the National Bureau of Statistics, from January to February 2026, industrial enterprises above designated size nationwide achieved a total profit of RMB 10,245.6 billion, an increase of 15.2% year-on-year. Among them, state-controlled enterprises achieved a total profit of RMB 3,665.6 billion, an increase of 5.3%; joint-stock enterprises achieved a total profit of RMB 8,032.9 billion, an increase of 22.1%; foreign-invested and Hong Kong, Macao, and Taiwan-invested enterprises achieved a total profit of RMB 2,167.5 billion, a decrease of 3.8%; and private enterprises achieved a total profit of RMB 2,844.5 billion, an increase of 37.2%.
Price of rare earth products on March 30, 2026
Images of erbium oxide
