Rare earth market update on April 9, 2026
The domestic rare earth market has maintained a sideways trend overall, with most product prices showing slight declines. Among them, the price of praseodymium oxide has decreased by approximately RMB 2,000 per ton, neodymium oxide by about RMB 3,000 per ton, and praseodymium-neodymium oxide by about RMB 5,000 per ton.
According to CTIA GROUP LTD's report from Zhongtung Online, the price of praseodymium-neodymium raw materials has been rising recently, which has somewhat weakened the suppliers' incentive to continue raising prices. Moreover, downstream demand is growing slowly, further reducing the upward momentum for praseodymium-neodymium prices. As of now, the price of praseodymium oxide has increased by approximately 5.13%, neodymium oxide by about 5.16%, praseodymium-neodymium oxide by about 8.05%, and praseodymium-neodymium metal by about 8.05%. In the medium and heavy rare earth market, under a relatively balanced supply-demand situation and with mainstream suppliers' quotations not significantly rising in the previous period, there has been no notable fluctuation in product prices today.
In terms of news, from January 1 to March 25, 2026, the total procurement amount for machinery and equipment related to enterprise equipment updates increased by 8.4% year-on-year, continuing to show rapid growth. Among them, the procurement amounts for machinery and equipment in the information technology services industry and scientific research and technical services industry increased by 15.8% and 27.2% year-on-year, respectively, indicating strong motivation for equipment upgrades.
Price of rare earth products on April 9, 2026
Images of neodymium oxide
