Rare earth market update on June 1, 2026
Monday, the domestic rare earth market maintained stable operation overall. Amid the mutual intertwining of supply and demand factors, the bargaining atmosphere between buyers and sellers was slightly tense. The mainstream light and heavy rare earth products prices fluctuated in a narrow range, and the spot circulation volume in the market was relatively low. According to CTIA GROUP, current downstream enterprises mostly adopt just-in-time inventory replenishment, with weak willingness for large-scale procurement. However, supported by stronger production cost factors and the good development trend of rare earth downstream industries, most holding merchants have relatively firm quoting mentality and are unwilling to sell at low prices. Today, the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal and holmium oxide were approximately 688,000 RMB per ton, 840,000 RMB per ton and 535,000 RMB per ton respectively.
In terms of news, the National Bureau of Statistics data showed that the Manufacturing Purchasing Managers' Index (PMI) for May 2026 was 50.0%, a decrease of 0.3 percentage points from the previous month and located at the critical point. From the perspective of enterprise size, the PMI of large enterprises was 51.1%, an increase of 0.9 percentage points from the previous month, higher than the critical point; the PMI of medium and small enterprises were 48.6% and 48.5%, a decrease of 1.9 and 1.6 percentage points from the previous month respectively, both below the critical point. From the classification indices, the production index was 51.2%, a decrease of 0.3 percentage points from the previous month; the new order index was 49.9%, a decrease of 0.7 percentage points from the previous month; the raw material inventory index was 48.6%, a decrease of 0.7 percentage points from the previous month.
Price of rare earth products on June 1, 2026
Images of neodymium oxide
