Rare earth market update on May 8, 2026
The domestic rare earth market generally maintained a sideways trend. Under the interaction of bullish and bearish factors, the consensus between buyers and sellers remained low. Product prices fluctuated within a reasonable range, and actual trading volume was relatively low. Today, the price of praseodymium oxide increased by RMB 5,000/ton, praseodymium-neodymium oxide decreased by RMB 7,000/ton, terbium oxide decreased by RMB 30,000/ton, and dysprosium-iron alloy decreased by RMB 10,000/ton.
From the supply side, rare earth production enterprises generally maintained stable operations. Coupled with weak downstream demand, the market spot supply was sufficient, with no obvious shortage or hoarding sentiment, which suppressed significant upward movement in prices. From the demand side, end-use industries such as permanent magnets and new materials mainly purchased on a need-to basis, with insufficient willingness for large-scale stocking, making it difficult to drive sustained price increases.
According to the China Iron and Steel Association (CISA), in the first quarter, the newly installed capacity of renewable energy nationwide was 58.93 million kilowatts, accounting for 70% of the newly installed capacity. Among them, hydropower newly connected to the grid was 1.42 million kilowatts, wind power newly connected was 15.77 million kilowatts, photovoltaic power newly connected was 41.19 million kilowatts, biomass power newly connected was 0.35 million kilowatts, and solar thermal power newly connected was 0.20 million kilowatts. As of the end of March, the cumulative installed capacity of wind power and solar power nationwide reached 1.90 billion kilowatts, increased by 28.1% year-on-year.
Price of rare earth products on May 8, 2026
Images of erbium oxide
