Rare earth market update on June 8, 2026
At the beginning of this week, the price trends of mainstream light and heavy rare earth products in China were slightly different: praseodymium-neodymium prices continued to decline, while dysprosium-terbium prices remained stable with a slight upward bias. Today, the price of praseodymium-neodymium oxide decreased by approximately RMB 2,000/ton, the price of praseodymium-neodymium metal decreased by approximately RMB 5,000/ton, the price of terbium oxide temporarily remained stable at around RMB 6,150,000/ton, and the price of dysprosium oxide increased by approximately RMB 20,000/ton.
According to CTIA GROUP, affected by the low enthusiasm of magnet material enterprises for inquiry and procurement as well as the general capital pressure in the industry, some praseodymium-neodymium suppliers have a high willingness to exchange price for orders, driving down raw material prices. In the heavy rare earth market, the overall sentiment of holding back sales and being bullish is relatively strong. On one hand, downstream demand has rebounded to some extent; on the other hand, the support from production costs is relatively strong, and the supply of low-priced sources is tightening, collectively driving a stronger market mentality.
According to the People's Financial News, Baotou Steel Union Co., Ltd. recently successfully developed and mass-produced ultra-high strength rare earth wear-resistant steel, breaking the technological monopoly of foreign companies in this field. At present, this extremely cold ultra-high strength rare earth wear-resistant steel has completed industrial production. The first batch of orders has shown excellent performance indicators after performance testing and is about to be delivered to customers for practical application.
Price of rare earth products on June 8, 2026
Images of neodymium oxide
