Rare earth market update on January 29, 2026
The domestic rare earth market overall maintained stable operation, mainly due to downstream demand falling short of expectations, suppliers showing slightly weak motivation to raise quotations again, and weakening support from production costs. In the light rare earth market, product prices were locally stable, with some continuing to rise, among which praseodymium oxide and neodymium oxide prices increased by approximately RMB 12,000/ton and RMB 19,000/ton respectively, mainly attributed to tightening spot market supply and relatively strong speculative bullish sentiment among traders. In the medium and heavy rare earth market, the overall situation was one of "prices exist but no market". Factors such as low downstream inquiries and relatively loose raw material supply jointly made it difficult for most suppliers to raise prices, but affected by the recent rise in praseodymium-neodymium prices, some holders still maintained relatively strong price-supporting sentiment.
Price of rare earth products on January 29, 2026
Images of neodymium oxide
