Rare earth market update on April 2, 2025
The domestic rare earth price as a whole show a narrow fluctuation trend. Among them, the prices of praseodymium oxide, holmium oxide and dysprosium oxide are respectively hovering around 462,000 yuan per ton, 470,000 yuan per ton and 1,660,000 yuan per ton, and the actual trading volume in the market is limited.
From the perspective of the supply side, first, influenced by factors such as strong efforts in environmental protection and cracking down on illegal mining, relatively small downstream demand, high production costs, and the gradual rise in temperature, most rare earth manufacturers maintain a normal production rhythm. Second, as one of China's important sources of rare earth imports, Myanmar recently experienced an earthquake, and the local geopolitical risks have been at a relatively high level for a long time. To a certain extent, this has affected the mining, transportation and other links of rare earths, thus making it difficult to increase China's imports of rare earth ores.
From the perspective of the demand side, due to the current relatively high prices of rare earths, the enthusiasm of magnetic materials enterprises for inquiring and purchasing in the market is low, which in turn leads to weak market demand.
In terms of news, on March 27, the Mining Research Institute of Baotou Steel Group announced that its scientific research team discovered two new minerals in the Bayan Obo ore deposit. Approved by the International Mineralogical Association's Commission on New Minerals, Nomenclature and Classification (IMA-CNMNC), the two new minerals are respectively named "oxyplumbopyrochlore" and "xianhuaite". The newly discovered "oxyplumbopyrochlore" belongs to the pyrochlore group of niobium minerals, and its isomorphic substitution is complex. "Xianhuaite" is a brand-new rare earth niobate mineral, with a unique crystal structure and composition, further expanding the "family tree" of natural niobium-rare earth minerals.
Price of rare earth products on April 2, 2025
Praseodymium oxide picture
