Rare earth market update on January 28, 2026
The domestic light and heavy rare earth markets showed slight divergence. Amid the interplay of bullish and bearish factors, praseodymium-neodymium prices continued to rise significantly, while dysprosium-terbium prices declined slightly. Today, praseodymium oxide price increased by approximately RMB 25,000/ton, neodymium oxide price increased by approximately RMB 21,000/ton, terbium oxide price decreased by approximately RMB 50,000/ton, and dysprosium-iron alloy price decreased by approximately RMB 10,000/ton. Driven by the obvious upward adjustment in praseodymium-neodymium raw material prices recently, prices of rare earth permanent magnet materials and their scrap also rose to some extent, with 55N neodymium-iron-boron blank block price increased by approximately RMB 5/kg.
In the light rare earth market, factors such as active downstream inquiries, difficulty in increasing spot market supply, and certain expectations among industry players for the future market jointly pushed product prices upward. In the medium and heavy rare earth market, the trend was relatively chaotic. Affected by weak market demand and limited production cost support for prices, dysprosium-terbium suppliers showed slightly insufficient confidence in maintaining prices; however, it is worth noting that under the influence of rising praseodymium-neodymium prices, prices of products such as gadolinium and erbium also saw some upward exploration.
On the news front: Data from the National Bureau of Statistics show that in 2025, profit situations of major industries nationwide were as follows: ferrous metal smelting and rolling processing industry profits increased by 3.0 times compared to the previous year, non-ferrous metal smelting and rolling processing industry increased by 22.6%, computer, communication, and other electronic equipment manufacturing industry increased by 19.5%, electricity and heat production and supply industry increased by 13.9%, special equipment manufacturing industry increased by 5.7%, electrical machinery and equipment manufacturing industry increased by 4.9%, general equipment manufacturing industry increased by 4.2%, automobile manufacturing industry increased by 0.6%, petroleum, coal, and other fuel processing industry reduced losses compared to the previous year, non-metallic mineral products industry decreased by 1.7%, and chemical raw materials and chemical products manufacturing industry decreased by 7.3%.
Price of rare earth products on January 28, 2026
Images of neodymium oxide
