Rare earth market update on May 13, 2026
The domestic rare earth market as a whole remains in a stalemate. Under the backdrop of a relatively balanced supply and demand relationship, the negotiation atmosphere between buyers and sellers is slightly tense. Mainstream product prices fluctuate within a reasonable range, and there is still considerable room for transaction growth. Today, the prices of Praseodymium Oxide, Gadolinium Oxide, and Holmium Oxide are consolidating around RMB 860,000/ton, RMB 245,000/ton, and RMB 550,000/ton, respectively.
From the supply side, affected by factors such as high energy prices, stricter environmental policies, more frequent rainy weather, and declining ore grades in mines, the capacity release of some rare earth mining and smelting enterprises is constrained. Coupled with the limited import volume of rare earth products in China, the growth rate of market spot supply has further slowed. From the demand side, after the May Day holiday, the operating rate of magnetic material enterprises has basically remained stable. Long-term contract orders are acceptable, but short-term new orders are limited, mainly for small replenishment based on just-in-need demand, and there is weak willingness for large-scale stockpiling.
Customs data show that in April 2026, China’s rare earth import volume was 8,780.7 ton, decreased by 33.36% month-on-month and decreased by 30.44% year-on-year, with an import value of RMB 1.25 billion, decreased by 35.23% month-on-month and decreased by 8.09% year-on-year. Rare earth export volume was 5,308.6 ton, increased by 29.14% month-on-month and increased by 10.95% year-on-year, with an export value of RMB 440 million, increased by 33.33% month-on-month and decreased by 63.64% year-on-year.
Price of rare earth products on May 13, 2026
Images of neodymium oxide
