Rare Earth Market - September 21, 2026

Rare earth market update on September 21, 2026

This week, the overall domestic rare earth market was relatively weak, mainly manifested in difficult price increases, low enthusiasm for traders to enter the market, few new orders, and somewhat insufficient confidence among industry participants in the future market.

Today, the price of praseodymium-neodymium oxide was approximately RMB 729,000/ton, the price of erbium oxide was approximately RMB 673,000/ton, and the price of holmium oxide was approximately RMB 640,000/ton.

According to CTIA GROUP, slow transmission of end demand, tight working capital for downstream enterprises, coupled with relatively ample spot supply, are multiple factors causing market demand to fall short of expectations. However, supported by production costs, coupled with possibly limited future rare earth raw material increments and good development trends in emerging industries, suppliers generally have a mentality of holding back sales and supporting prices.

In terms of news, Baotou Statistics Micro News shows that among Baotou's new growth drivers, the added value of the rare earth industry and equipment manufacturing industry increased by 43.8% and 54.9% year-on-year, respectively, jointly pulling up industrial enterprises above designated size by 10.4 percentage points. Among traditional growth drivers, the added value of the aluminum and copper industries increased by 14.6% and 39.4%, respectively, jointly pulling up industrial enterprises above designated size by 3.1 percentage points.

Price of rare earth products on September 21, 2026

Images of erbium oxide

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