Rare Earth Prices - August 31, 2026

Rare earth market update on August 31, 2026

On Monday, the overall domestic rare earth market performed generally, with product prices fluctuating within a reasonable range and limited transactions. Today, the prices of praseodymium-neodymium oxide and praseodymium-neodymium metal decreased to RMB 728,000/ton and RMB 881,000/ton, respectively, while the price of erbium oxide increased to RMB 635,000/ton.

According to CTIA GROUP, affected by factors such as strong production cost support, limited increases in spot supply of raw materials, and good development trends in downstream industries such as new energy and high-end manufacturing, suppliers generally have strong willingness to hold back sales and support prices. However, downstream users have limited consumption capacity, resulting in low trading activity in the market and few new orders.

In terms of news: Data from the National Bureau of Statistics shows that in August 2026, the Manufacturing Purchasing Managers' Index (PMI) was 49.8%, up 0.6 percentage points from the previous month. By enterprise size, the PMI for large enterprises was 50.6%, up 1.1 percentage points from the previous month; the PMI for medium enterprises was 49.4%, down 0.3 percentage points from the previous month; the PMI for small enterprises was 47.9%, up 0.5 percentage points from the previous month. By sub-index, the production index was 50.4%, up 0.5 percentage points from the previous month; the new orders index was 50.6%, up 2.1 percentage points from the previous month; and the raw material inventory index was 48.1%, down 0.2 percentage points from the previous month.

Price of rare earth products on August 31, 2026

Images of erbium oxide

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