Rare earth market update on May 14, 2026
The domestic rare earth market overall shows a weak downward trend, with the price of praseodymium oxide decreased by RMB 15,000/ton, praseodymium-neodymium oxide decreased by RMB 5,000/ton, gadolinium oxide decreased by RMB 5,000/ton, and dysprosium-iron alloy decreased by RMB 10,000/ton. Against the backdrop of the recent poor performance in the praseodymium-neodymium market, quotations from suppliers of rare earth permanent magnet materials and their scrap have been lowered. Today, the prices of 55N NdFeB blocks and NdFeB scrap (praseodymium-neodymium) decreased by approximately RMB 4/kg and RMB 10/kg, respectively. This is mainly attributed to the insufficient confidence of holders in maintaining prices and the difficulty of increasing downstream demand.
However, due to strong support from production costs and the favorable development of downstream rare earth industries such as new energy vehicles, robotics, and smart home appliances, suppliers have limited room for concessions, and some suppliers still maintain a high sense of withholding and price support. Data from the China Association of Automobile Manufacturers shows that in April 2026, China's production and sales of new energy vehicles reached 1.32 million units and 1.344 million units, increased by 5.5% and 9.7% year-on-year, respectively; in the first four months, production and sales of new energy vehicles reached 4.285 million units and 4.304 million units, respectively.
Customs data shows that from January to April 2026, China's rare earth import volume totaled 40,857.8 tons, increased by 9.5% year-on-year, with an import value of RMB 6.20 billion, increased by 87.5% year-on-year; rare earth export volume totaled 19,887.6 tons, increased by 4.9% year-on-year, with an export value of RMB 1.26 billion, increased by 17.2% year-on-year.
Price of rare earth products on May 14, 2026
Images of neodymium oxide
