Rare earth market update on April 28, 2026
The domestic rare earth market remained generally stable, with prices of many products fluctuating within a reasonable range under the combined influence of suppliers being unable to raise prices and weak demand from buyers. The market atmosphere was relatively quiet, with slow circulation of spot goods. According to CTIA GROUP’s information from Zhongtung Online, the willingness of magnetic material enterprises to inquire about procurement is low, the support from favorable factors is gradually weakening, and market sentiment is becoming more cautious. Multiple factors have together limited the upward potential of raw material prices. The main factors restricting market demand include tight funds for downstream production enterprises, a clear "buy on rise, not on fall" sentiment in the market, and a lack of confidence among industry players regarding the outlook.
In terms of news, data from the National Bureau of Statistics shows that from January to March 2026, the total profit of industrial enterprises above designated size nationwide reached RMB 1,696.04 billion, an increase of 15.5% year-on-year. Among them, the profit of the computer, communication, and other electronic equipment manufacturing industry increased 1.2 times year-on-year, the non-ferrous metal smelting and rolling processing industry increased 1.2 times, the chemical raw materials and chemical products manufacturing industry grew by 54.5%, the electrical machinery and equipment manufacturing industry remained flat, the general equipment manufacturing industry decreased by 1.9%, the electricity and heat production and supply industry decreased by 3.4%, the special equipment manufacturing industry decreased by 8.2%, the automobile manufacturing industry decreased by 17.7%, the non-metallic mineral products industry decreased by 42.6%, and the ferrous metal smelting and rolling processing industry turned from profit to loss.
Price of rare earth products on April 28, 2026
Images of neodymium oxide
