Rare earth market update on June 19, 2025
The domestic rare earth market continues to operate in a weak trend, with mainstream product prices experiencing varying degrees of decline, such as praseodymium-neodymium oxide dropping by approximately 2,000 yuan/ton, praseodymium-neodymium metal by about 5,000 yuan/ton, and terbium oxide by around 10 yuan/kg. Recently, with falling raw material prices, neodymium-iron-boron blank prices have also decreased. However, due to significant support from production costs and limited supply increases for some products, holders have kept price reductions modest. The decline in raw material prices has slightly boosted inquiry enthusiasm among some buyers.
In related news, according to the Ministry of Industry and Information Technology, in May 2025, automobile production and sales reached 2.649 million and 2.686 million units, respectively, increasing by 11.6% and 11.2% year-on-year. Within this, new energy vehicle (NEV) production and sales were 1.27 million and 1.307 million units, respectively, growing by 35% and 36.9% year-on-year, with NEV new car sales accounting for 48.7% of total new car sales. For January to May 2025, automobile production and sales totaled 12.826 million and 12.748 million units, respectively, increasing by 12.7% and 10.9% year-on-year. NEV production and sales reached 5.699 million and 5.608 million units, respectively, growing by 45.2% and 44% year-on-year, with NEV new car sales making up 44% of total new car sales.
Price of rare earth products on June 19, 2025
Erbium oxide picture
