Rare earth market update on April 16, 2026
The price trends of domestic mainstream light and heavy rare earth products have shown slight divergence: the price of praseodymium and neodymium has significantly increased, while the prices of dysprosium and terbium have remained weak and stable. In the light rare earth market, affected by the significant month-on-month and year-on-year increase in the rare earth concentrate transaction prices in the second quarter from Northern Rare Earth, as well as the tightening supply expectations for raw materials in the future, praseodymium and neodymium suppliers have raised their quotes significantly. The prices of praseodymium-neodymium oxide and praseodymium-neodymium metal have increased by approximately RMB 15,000/ton and RMB 20,000/ton, respectively. With the recent fluctuation in the price of praseodymium and neodymium raw materials, the prices of rare earth permanent magnet materials and their scraps have also increased. In the medium and heavy rare earth market, due to lower-than-expected downstream demand and the suppliers' reluctance to cut prices for sales, there has been no significant change in product prices.
In terms of news, Northern Rare Earth expects to achieve a net profit attributable to the parent company of RMB 90 million to RMB 94 million in the first quarter of 2026, which is an increase of RMB 47 million to RMB 51 million compared to the same period last year, representing a year-on-year increase of 109.14% to 118.43%. It is expected to achieve a non-recurring net profit of RMB 86 million to RMB 90 million, an increase of RMB 42.5 million to RMB 46.5 million compared to the same period last year, representing a year-on-year increase of 97.76% to 106.97%.
Price of rare earth products on April 16, 2026
Images of neodymium oxide
