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Rare earths prices and news

Your guide to market trends, pricing dynamics and the global rare earths supply chain

The supply chain for rare earth materials and permanent magnets is complex, regionally concentrated and marked by a lack of transparent pricing. This can lead to unpredictable costs, budgeting difficulties and supply insecurity. Geopolitical tensions further add to this uncertainty.

Our aim is to provide reliable, objective and timely information to help you navigate this market.

We offer insights into critical decision-making factors such as supply chain dynamics, future pipeline consideration, policy developments and historical price data. Our information is sourced from market reports, industry publications, conferences and feedback from those who buy, sell and trade rare earths. 

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Our rare earths prices
More magnet supply chain prices will follow soon. We will also explore prices and applications that are poorly represented by the wider market but have important applications in strategic industries. Today we assess the following prices: 
Which rare earths prices we assessWhy these materials matter
Neodymium-praseodymium (NdPr) oxide, 99pc, fob China, MB-NDP-0001Light rare earth NdPr oxide (a combination of neodymium and praseodymium oxide) is the main building block (30%) of high-performance sintered NdFeB magnets. Energy-saving high-performance NdFeB magnets are the most efficient way of transforming electrical energy into propulsion in an electric vehicle. In offshore wind turbines, NdFeB magnets remove the requirement for complex gearing systems that are costly to service in remote locations. Demand for NdFeB magnets is growing sharply. and new mining and processing projects are developing around the world.
Dysprosium oxide 99.5pc, fob China, MB-DY-0001Heavy rare earth dysprosium is added in small amounts to high-performance NdFeB magnets for EV motors* to maintain performance at high temperatures. A large share of global production of heavy rare earth ores is concentrated in Myanmar, a politically unstable jurisdiction, and supply is frequently disrupted. The industry is responding by identifying and developing new supply sources around the world and increasing the processing of monazite minerals. 

*Heavy rare earths are added to NdFeB magnets to maintain performance and efficiency at higher temperatures in motor applications. Offshore wind applications can use magnets based on light rare earths.  
Terbium oxide 99.99pc, fob China, MB-TB-0001Another heavy rare earth, terbium is added in trace amounts to high-performance NdFeB magnets.    
Neodymium oxide 99.5pc, cif Rotterdam, MB-ND-0001Light rare earth neodymium has growing uses in water treatment and automotive catalysts to reduce emissions from ICE vehicles. It is also one of the most geographically diverse refined rare earth materials.  
Gadolinium oxide 99.99-99.999pc fob China, MB-GD-0001High-purity gadolinium has important applications in aerospace, nuclear power and medical diagnostics.  
Neodymium-Praseodymium (NdPr) metal (75:25) fob China, MB-NDP-0002NdPr metal is the biggest rare earth component in a finished NdFeB magnet. Large rare earth producers no longer fully separate out light rare earth elements neodymium and praseodymium, but instead produce a finished mixed oxide product which is sold and directly converted into NdPr metal, NdFeB alloy and finished magnets.
Dysprosium metal min 99% fob China, MB-DY-0002The majority of high performance NdFeB magnets use small or trace amounts of heavy rare earth elements dysprosium and terbium to keep them magnetized at high temperatures inside a vehicle motor.
Ferro-Dysprosium 80% fob China, MB-DY-0003To capture the widest possible range of inputs we are launching a dysprosium metal and alloy price.
Terbium metal min 99.9% fob China, MB-TB-0002Terbium is often added in smaller amounts than dysprosium but remains an important additive for high-performance magnets. From a pricing perspective it is one of the least transparent and most volatile rare earth products.
Praseodymium oxide 99.5% cif Rotterdam, MB-RAE-0008Used in pigments in the glass industry, praseodymium oxide, like neodymium oxide, is one of the most geographically diverse refined rare earth products providing valuable insight into the evolution of the supply base.
How we assess our rare earths prices

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What’s happening in the rare earths market?

Our team of rare earths experts and price reporters provide weekly rare earths prices and market analysis.

Shin-Etsu Chemical to launch rare earths refinery in Japan

Shin-Etsu Chemical, one of Japan’s largest manufacturers of rare earth magnets, plans to build a new domestic rare earths refinery in Fukui, Japan, as first reported by Nikkei Asia.

June 25, 2026
 · 
By: Sebastian Evelyn
Mixture of critical minerals shot overhead on a slate background.
Energy Fuels acquires German magnet maker VAC for $1.9 bln

Rare earths and uranium producer Energy Fuels has announced an agreement to acquire German rare earths magnet maker Vacuumschmelze (VAC) in a deal worth approximately $1.9 billion, the company announced on Tuesday June 23.

June 24, 2026
 · 
By: Sebastian Evelyn
Accessories, Diamond, Gemstone
Natural graphite is cheaper, greener, more supply chain resilient alternative in wake of Chinese graphite dominance: Westwater Resources [update]

Naturally produced graphite offers a cheaper and more supply-chain stable alternative for battery manufacturers and consumers, Jon Jacobs, chief commercial officer of US-based mineral resources developer Westwater Resources, told Fastmarkets in an exclusive interview on Thursday June 4, as concerns over Chinese dominance in the market forced buyers to look elsewhere.

June 16, 2026
 · 
By: Rachel McGuire
Brazilian flag waving against a clear blue sky
West arrived late in the rare earths race: Mineração Taboca

The West entered the rare earths race late as countries in general were slow to act and now China is far ahead, Mineração Taboca executive manager Ronaldo Lasmar said in an interview with Fastmarkets.

June 15, 2026
 · 
By: Leticia Simionato
Aluminium, Accessories, Diamond
Japan’s Daikin to launch rare earth magnet recycling program

Osaka, Japan-headquartered Daikin Industries, the world’s largest air conditioner manufacturer, is partnering with Shin-Etsu Chemical, Hitachi and Tokyo Eco Recycle to recover and recycle rare earth magnets from compressors starting in 2027, the companies said in a joint statement on Tuesday April 14.

April 20, 2026
 · 
By: Sebastian Evelyn
Light, Lighting, Neon
Fastmarkets set to launch new rare earth spot prices to capture global trade outside China

Chinese export controls and reduced supply of heavy rare earth products to Japan have the potential to permanently change the rare earth market. On March 19, Fastmarkets, an industry-leading cross-commodity price reporting agency, will launch three new prices to directly address the needs of this new market dynamic.  These new prices are:  *Dysprosium oxide 99.5%, cip global, $/kg  […]

March 18, 2026
 · 
By: Yolande Peters
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