Rare earth market update on June 3, 2026
The rare earth market in China as a whole shows a weak yet firm pattern, with the prices of mainstream products increasing to varying degrees. The prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and gadolinium oxide respectively increased by 8,000 RMB/ton, 15,000 RMB/ton, and 5,000 RMB/ton. This is mainly attributed to the increased positive buying activity of downstream enterprises at low prices and the strong support from production costs.
Driven by the continuous rise in raw material prices in recent days, the prices of rare earth permanent magnetic materials and their waste materials have also risen synchronously. Today, the price of 55N neodymium-iron-boron billet square blocks increased by 3 RMB/kg, and the price of neodymium-iron-boron waste (praseodymium-neodymium) increased by 10 RMB/kg. It is worth noting that the recent rebound in rare earth prices does not mean that the market will continue to rise unilaterally. The current market transactions still have considerable room for increase, and industry insiders have a cautious expectation for the future.
In terms of news, the infrastructure investment in China from January to April 2026 increased by 4.3%. Among them, the investment in the water transport industry increased by 28.4%, the investment in the water management industry decreased by 6.2%, the investment in the public facilities management industry increased by 0.9%, the investment in the road transport industry decreased by 3.0%, the investment in ecological protection and environmental governance increased by 5.9%, the investment in the power, heat production and supply industry increased by 5.0%, and the investment in the aviation transport industry increased by 27.3%.
Price of rare earth products on June 3, 2026
Images of neodymium oxide
