Rare earth market update on June 9, 2026
The domestic rare earth market has largely remained sideways. With suppliers showing limited willingness to offer discounts and downstream buyers’ purchasing power constrained, product prices face a dilemma, and new orders remain scarce. Today, the prices of praseodymium oxide, gadolinium oxide, and holmium oxide are approximately ￥785,000/ton, ￥220,000/ton, and ￥540,000/ton, respectively.
In the light rare earth market, under conditions of weak supply and demand, praseodymium and neodymium prices fluctuate within a narrow range. Trading activity is subdued, but in the long term, supported by positive expectations for emerging industries, the light rare earth market is expected to warm up.
In the medium and heavy rare earth market, overall sentiment is strongly bullish with suppliers reluctant to sell. Factors such as increased downstream demand, limited imports of Myanmar ores, and high production costs have all contributed to suppliers’ willingness to raise prices.
Price of rare earth products on June 9, 2026
Images of neodymium oxide
