Rare earth market update on April 2, 2026
The domestic rare earth prices are fluctuating within a narrow range, with the prices of praseodymium oxide and gadolinium oxide increasing by RMB 2,000 per ton and RMB 5,000 per ton, respectively. Amidst the interplay of both favorable and unfavorable factors, intense price negotiations between buyers and sellers have resulted in limited order increases.
According to CTIA GROUP LTD, the current favorable factors in the rare earth market mainly include three aspects: First, compared to the end of February, the current rare earth prices are at a relatively low level, which is beneficial to improving the purchasing enthusiasm of buyers; second, with the gradual consumption of downstream raw material inventories, the replenishment willingness of buyers in April is expected to increase; third, under the backdrop of limited future supply of rare earth raw materials and the rapid development of the downstream rare earth industry, suppliers generally have a low willingness to offer discounts.
The unfavorable factors include: First, downstream enterprises are still mainly focused on digesting existing inventories, coupled with the tightening of liquidity, making it difficult for market demand to increase significantly; second, industry participants are cautious about the future trend of rare earth prices, which leads to weak willingness for downstream procurement, making it difficult to form effective support for prices.
Price of rare earth products on April 2, 2026
Images of neodymium oxide
