Rare Earth Market - September 16, 2026

Rare earth market update on September 16, 2026

The domestic rare earth market as a whole maintained a stalemate operation. With suppliers having low willingness to reduce prices for shipments and buyers having insufficient consumption capacity, prices of most products fluctuated within a narrow range, and new orders were limited.

Today, the transaction prices of neodymium oxide, terbium oxide, and erbium oxide were running at around RMB 767,000/ton, RMB 6,730,000/ton, and RMB 675,000/ton, respectively.

From the supply side, the degree of spot market supply looseness was generally moderate, mainly attributable to: first, affected by factors such as high energy prices, frequent extreme weather, and strong environmental protection and anti-illegal-mining efforts, the production pace of some rare earth manufacturers has slowed down; second, relatively large geopolitical risks and relatively high overseas rare earth prices constrain China's imports of rare earth products; third, downstream demand increments are relatively small, and raw material suppliers are slow in destocking.

From the demand side, market demand is expected to increase: first, with the arrival of the traditional "Golden September and Silver October" consumption peak season, the rare earth market has entered a transition cycle between off-season and peak season. Coupled with the current relatively low rare earth prices, downstream enterprises' willingness to purchase at low prices has further increased; second, the acceleration of global artificial intelligence computing infrastructure construction is expected to drive growth in demand for rare earth functional materials.

Price of rare earth products on September 16, 2026

Images of neodymium oxide

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