Rare earth market update on May 21, 2026
The domestic rare earth market as a whole remained weak, among which the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal and terbium oxide were about RMB 705,000/ton, RMB 860,000/ton and RMB 6,070,000/ton respectively. According to CTIA GROUP, affected by factors such as the recent weak market conditions and the remaining inventories previously stocked by downstream enterprises in permanent magnet and metallurgy sectors, the circulation pace of spot goods in the market was relatively slow, and purchasers generally mainly made small-batch rigid-demand procurement. In the short term, the market is expected to fluctuate weakly and consolidate. However, the obvious decrease in the prices of mainstream products recently has forced some suppliers to enhance their profit awareness. In addition, in the long run, industries such as new energy vehicles, wind power equipment, intelligent equipment and aerospace supporting facilities are developing well. Coupled with the rapid upgrading of high-end manufacturing technologies, rare earth application scenarios continue to expand, therefore the future rare earth market still has a foundation for recovery.
Price of rare earth products on May 21, 2026
Images of neodymium oxide
