Rare earth market update on June 16, 2026
The overall domestic rare earth market maintains a relatively strong operation, mainly reflected in the continuous repair of traders' sentiment, varying degrees of price increases for mainstream products, and a slight increase in new orders. Rare earths are key materials supporting the development of new energy, high-end manufacturing, semiconductors, and other industries. With the rapid development of new energy vehicles, humanoid robots, energy storage, wind power, and other industries, the demand for rare earth functional materials is expected to increase, providing support for raw material quotations in the medium and long term.
In the light rare earth market, there is generally a pattern of prices without transactions. Supported by factors such as the good development trend of downstream rare earth industries and strong production cost support, suppliers generally raised quotations, but downstream users have low acceptance of high-priced sources, resulting in limited actual transactions. In the medium and heavy rare earth market, the overall market situation is relatively good. With the difficulty in increasing spot raw material supply and increased downstream inquiries, most suppliers have a strong sentiment of holding goods and waiting for price increases. Today, the prices of praseodymium-neodymium oxide, gadolinium oxide, and holmium oxide are approximately RMB 705,000/ton, RMB 225,000/ton, and RMB 565,000/ton, respectively.
In terms of news: data from the National Bureau of Statistics shows that in May, the value-added output of industrial enterprises above designated size increased by 4.5% year-on-year in real terms, with the growth rate accelerating by 0.4 percentage points from the previous month, and a month-on-month increase of 0.40%. By industry, the manufacturing of chemical raw materials and chemical products increased by 0.3%, the manufacturing of non-metallic mineral products decreased by 5.6%, the smelting and rolling processing of ferrous metals increased by 1.6%, the smelting and rolling processing of non-ferrous metals decreased by 4.5%, the manufacturing of general-purpose equipment increased by 6.7%, the manufacturing of special-purpose equipment increased by 9.1%, the manufacturing of automobiles increased by 8.3%, the manufacturing of railway, shipbuilding, aerospace and other transportation equipment increased by 7.4%, the manufacturing of electrical machinery and equipment increased by 4.7%, the manufacturing of computers, communication and other electronic equipment increased by 17.0%, and the production and supply of electricity and heat increased by 8.7%.
Price of rare earth products on June 16, 2026
Images of neodymium oxide
