Rare Earth Market - August 5, 2026

Rare earth market update on August 5, 2026

The overall domestic rare earth market showed a weak trend, mainly manifested in low willingness of both supply and demand sides to enter the market, price increases of most products to varying degrees, and slow order growth.

Today, the prices of praseodymium oxide, praseodymium-neodymium metal, and holmium oxide were approximately RMB 2,000/ton, RMB 3,000/ton, and RMB 2,000/ton, respectively.

According to CTIA GROUP, at this stage, mainstream permanent magnet downstream industries such as new energy vehicles and wind power equipment have entered the traditional off-season, with some end manufacturers reducing production schedules. Magnet material enterprises generally adopt a strategy of low inventory and purchasing on demand. Coupled with the difficulty of significantly increasing short-term rare earth prices, downstream demand has long fallen short of expectations.

However, there are still bullish factors in the market. First, rare earth recycling and scrap processing enterprises are constrained by tight supply of raw materials, resulting in a decline in finished product output. Second, emerging industries such as new energy vehicles, wind power permanent magnet equipment, humanoid robots, and low-altitude equipment have good development prospects, and the future demand for rare earth functional materials is expected to increase.

Price of rare earth products on August 5, 2026

Images of neodymium oxide

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