Rare earth market update on May 11, 2026
On Monday, the domestic rare earth market remained generally stable. With suppliers showing low willingness to lower prices for shipments and buyers maintaining mainly rigid demand, product prices saw no significant changes, and new orders were limited. Today, the prices of Pr-Nd oxide, Pr-Nd metal, and Ho oxide are approximately RMB 755,000/ton, RMB 920,000/ton, and RMB 550,000/ton, respectively. According to CTIA GROUP, strong production cost support and the favorable development trend of downstream rare earth industries are both important factors for suppliers’ reluctance to sell and their efforts to maintain prices.
According to Eastmoney, on April 23, Tesla’s official Weibo account announced that Tesla’s third-generation humanoid robot is expected to debut by mid-year, with official production starting in July-August and external application beginning next year. Regarding Optimus production capacity planning, Tesla plans to prepare the first mass production line in the second quarter of 2026. According to the design, the target capacity of this generation production line is 1 million robots per year. At the same time, Tesla is already preparing for larger-scale expansion; its Super Factory in Texas is preparing the second-generation production line, with the long-term goal of achieving an annual production capacity of 10 million robots.
Price of rare earth products on May 11, 2026
Images of erbium oxide
