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.
Stay informed, make confident decisions and navigate the dynamic rare earths market with Fastmarkets.
Buying rare earths?
As a key player in industries as diverse as automotive, industrial machinery, health care, catalysts, consumer goods and electronics, renewable energy, nuclear power, semiconductors, telecommunications and aerospace, you’re well aware of the challenges of sourcing and pricing these vital components. We’re committed to providing news, market intelligence and reliable and transparent pricing information to help you secure your resources confidently and efficiently.
Managing rare earths price and supply risk?
Market complexity, dependence on imports, supply insecurity, difficulty in cost forecasting and budgeting, and political sensitivity — it’s a lot to juggle. That’s why we’re here to offer strategies to navigate these hurdles and mitigate risks, ensuring you’re always one step ahead.
Analyzing the rare earths market?
Your role is crucial in understanding market trends, predicting pricing movements and providing strategic insights. We’re here to support you with up-to-date market analysis, coverage of the latest news and trends moving the market, conferences and access to experts.
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| Which rare earths prices we assess | Why these materials matter |
|---|---|
| Neodymium-praseodymium (NdPr) oxide, 99pc, fob China, MB-NDP-0001 | Light 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-0001 | Heavy 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-0001 | Another heavy rare earth, terbium is added in trace amounts to high-performance NdFeB magnets. |
| Neodymium oxide 99.5pc, cif Rotterdam, MB-ND-0001 | Light 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-0001 | High-purity gadolinium has important applications in aerospace, nuclear power and medical diagnostics. |
| Neodymium-Praseodymium (NdPr) metal (75:25) fob China, MB-NDP-0002 | NdPr 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-0002 | The 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-0003 | To 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-0002 | Terbium 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-0008 | Used 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. |
Download a copy of our methodology document to learn more about how we assess rare earths prices.
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Our team of rare earths experts and price reporters provide weekly rare earths prices and market analysis.
British experts have called for a renewed focus on domestic resources, similar to Brazil’s efforts in the mining sector, with the South American country moving to strengthen its position in the global critical minerals market
The proposed amendments to the Section 301 tariffs applied by the US on imports of materials from China have prompted a flurry of feedback, including some on the timing and levels of proposed tariffs on graphite imports, Fastmarkets heard on Tuesday August 13
Alaska-based Graphite One announced on Monday July 29 that it has entered into a non-binding supply agreement with California-headquartered EV maker Lucid Motors to advance its Graphite One Project mission of planning a complete US domestic supply chain for advanced graphite materials
Chinese export prices for light rare earth products were unchanged for the fourth consecutive week on Thursday July 11, with suppliers firmly rejecting further price cuts, but low demand continued to pull down prices for heavy rare earth products used in magnets
Australia’s Lynas Rare Earths, the largest rare earth product producer outside China, is doubling down on plans to produce separated heavy rare earth products for high-performance magnets in Malaysia, alongside its existing project in the United States, it announced on Thursday June 27
China’s magnet rare earth prices were flat in the week to Thursday June 20, with sellers resisting a further price decline amid persisting weak demand, Fastmarkets heard
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