Rare earth market update on April 14, 2026
The domestic rare earth prices have remained stable in some areas, with a slight increase in individual products. Among them, the prices of praseodymium-neodymium oxide and praseodymium-neodymium metal have increased by approximately RMB 2,000/ton and RMB 5,000/ton, respectively. In the light rare earth market, influenced by the significant increase in the transaction price of rare earth concentrates from Northern Rare Earth in the second quarter of 2026, as well as the lower willingness of suppliers to reduce prices for sales, the prices of some praseodymium-neodymium series products have tentatively increased. In the medium and heavy rare earth markets, the overall trend remains weak and stable. The downstream demand has not increased, leading to limited new orders in the market. The support from favorable factors is weak, which results in insufficient upward pricing momentum for suppliers.
In terms of news, the transaction price of rare earth concentrates from Northern Rare Earth in the second quarter of 2026 has been adjusted to RMB 38,804/ton (dry weight, REO = 50%), excluding tax. This represents a 44.61% increase compared to the previous quarter and a 108.42% increase compared to the same period last year. For every 1% increase or decrease in REO, the price excluding tax increases or decreases by RMB 776.08/ton, which reflects a 44.61% increase compared to the previous quarter and a 106.13% increase compared to the same period last year.
Price of rare earth products on April 14, 2026
Images of neodymium oxide
