Rare Earth Prices - February 4, 2026

Rare earth market update on February 4, 2026

The domestic rare earth prices overall showed a mixed pattern of rises and falls, with praseodymium-neodymium oxide and praseodymium-neodymium metal prices increased by approximately RMB 8,000/ton and RMB 10,000/ton respectively, while neodymium oxide and holmium oxide prices decreased by approximately RMB 4,000/ton and RMB 20,000/ton respectively.

From the supply side, affected by stricter environmental policies, declining mine grades, and lower temperatures, some rare earth manufacturers have slowed capacity release; combined with limited overseas rare earth product imports, spot market supply is even harder to increase. Currently, spot supply of praseodymium-neodymium raw materials is relatively tight.

From the demand side, first, with the approaching Spring Festival holiday, many buyers' consumption caution has increased; moreover, as some logistics are about to suspend operations, short-term market transaction volume is difficult to increase; second, from a medium-to-long-term perspective, the good development trend in industries such as new energy vehicles, smart home appliances, and robotics is expected to drive demand for rare earth functional materials, thereby boosting rare earth raw material consumption.

Price of rare earth products on February 4, 2026

Images of neodymium oxide

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