Rare earth market update on April 23, 2026
The domestic rare earth market has generally shown an upward trend, with prices of praseodymium neodymium oxide, praseodymium neodymium metal, terbium oxide, and dysprosium oxide increasing by approximately RMB 7,000/ton, RMB 8,000/ton, RMB 50,000/ton, and RMB 20,000/ton, respectively. Against this backdrop, market trading activity is generally active, but the growth rate of orders still falls short of expectations. Industry participants have divergent views on the outlook. Some believe that the light rare earth market will continue to show a strong trend in the short term, while the medium and heavy rare earth markets will likely remain weak and stable. As praseodymium neodymium prices have recently been fluctuating upward, the cautious sentiment among magnetic material enterprises has also intensified. In addition, limited working capital among purchasers further suppresses market transactions.
In terms of news, in the first quarter of 2026, the added value of equipment manufacturing above designated size and high-tech manufacturing above designated size increased by 8.9% and 12.5% year-on-year, respectively, higher than the overall industrial growth by 2.8 percentage points and 6.4 percentage points. During the same period, national investment in high-tech industries grew faster than total investment, with investment in high-tech services increasing by 12.3% year-on-year and investment in high-tech manufacturing increasing by 5.2%, both higher than the overall fixed asset investment growth by 10.6 percentage points and 3.5 percentage points.
Price of rare earth products on April 23, 2026
Images of neodymium oxide
