Rare Earth Market - February 3, 2026

Rare earth market update on February 3, 2026

The domestic rare earth market overall maintained sideways operation, mainly reflected in mainstream product prices basically adjusting within a reasonable range, general sentiment among traders for entering the market, and steady actual transaction pace.

Today, praseodymium oxide, praseodymium-neodymium oxide, and gadolinium oxide prices decreased by approximately RMB 3,000/ton, RMB 17,000/ton, and RMB 5,000/ton respectively, while erbium oxide and holmium oxide prices increased by approximately RMB 2,000/ton and RMB 22,000/ton respectively.

In the light rare earth market, the overall trend showed a high-level pullback, mainly affected by the significant recent price increases in praseodymium-neodymium, which intensified magnetic material enterprises' fear-of-heights sentiment and led to cautious procurement willingness; at the same time, previous bullish support gradually weakened, market sentiment turned rational, and mainstream product prices experienced reasonable pullbacks. In the medium and heavy rare earth market, affected by weak supply and demand on both sides, dysprosium-terbium prices maintained weak and stable operation; driven by the upward exploration in praseodymium-neodymium prices in the previous few days, holmium and erbium prices continued to be adjusted upward.

Price of rare earth products on February 3, 2026

Images of erbium oxide

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