Rare earth market update on May 28, 2026
The domestic rare earth market has generally maintained a sideways trend. Due to low trading activity on both supply and demand sides, upstream raw material enterprises show slightly insufficient motivation to adjust prices. Under this situation, downstream users mostly replenish out of rigid demand, with weak willingness to stock up. Follow-up on new orders is lackluster, and product prices generally fluctuate within a reasonable range. Most market participants expect that the short-term market trend may continue to be weak and stable. Today, the prices of Praseodymium Oxide, Praseodymium-Neodymium Oxide, Terbium Oxide, and Dysprosium Oxide are approximately RMB 785,000/ton, RMB 690,000/ton, RMB 6,050,000/ton, and RMB 1,250,000/ton, respectively.
In terms of news: According to the National Bureau of Statistics, from January to April 2026, the profits of China’s non-ferrous metal smelting and rolling processing industry increased by 1.2 times year-on-year, the computer, communication and other electronic equipment manufacturing industry increased by 1.1 times, the chemical raw materials and chemical products manufacturing industry increased by 73.4%, the general equipment manufacturing industry decreased by 0.6%, the electric power and heat production and supply industry decreased by 2.5%, the specialized equipment manufacturing industry decreased by 7.2%, and the electrical machinery and equipment industry decreased by 11.4%.
Price of rare earth products on May 28, 2026
Images of erbium oxide
