Rare earth market update on April 7, 2026
On Monday, the domestic rare earth prices showed a general upward trend, with the price of praseodymium oxide increasing by approximately RMB 25,000 per ton, neodymium-praseodymium oxide rising by around RMB 27,000 per ton, gadolinium oxide increasing by about RMB 10,000 per ton, and dysprosium-iron alloy rising by about RMB 20,000 per ton. This is mainly due to the strong price-holding willingness of suppliers, an increase in downstream replenishment demand, and positive market expectations for the future. Driven by the rise in praseodymium-neodymium raw material prices, the prices of neodymium-iron-boron billets and their scraps also increased, with the price of 55N neodymium-iron-boron billet blocks rising by about RMB 1 per kilogram.
In terms of news, from January 1 to March 25, 2026, China's manufacturing industry sales revenue increased by 5.4% year-on-year, accounting for 29.2% of the total national enterprise sales revenue. In particular, the sales revenue of the equipment manufacturing industry increased by 6.3% year-on-year, accounting for 46.5% of manufacturing industry sales revenue, an increase of 0.4 percentage points compared to the same period last year. Specifically, the sales revenue of advanced manufacturing industries, such as electrical machinery and equipment manufacturing and computer communication equipment manufacturing, increased by 11.4% and 11.6%, respectively.
Price of rare earth products on April 7, 2026
Images of erbium oxide
