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According to data from the United States Geological Survey (USGS), in 2024, the United States’ rare earth concentrate production is expected to be 45,000 tons, an increase of about 8.17% year-on-year; the production of rare earth compounds and metals is expected to be 1,300 tons, an increase of about 420% year-on-year; the import volume of rare earth compounds is expected to be 8,000 tons, a decrease of about 10.31% year-on-year; the import volume of ferrocerium and alloys is expected to…

Rare earth market update on February 24, 2025 At the beginning of the week, the overall center of gravity of domestic rare earth prices moved downward, mainly due to the significant increase in the price of rare earth products near the weekend last week, while downstream demand followed up slowly, which led to a rational reduction in suppliers’ quotations. Today, the price of praseodymium oxide dropped by about 5,000 yuan/ton, the price of praseodymium-neodymium oxide dropped by about 3,000 yuan/ton,…

Recently, the Baotou Industry and Information Technology Bureau reported that in 2024, the added value of Baotou’s industrial enterprises above designated size increased by 14.3% year-on-year, surpassing the national average (5.8%) by 8.5 percentage points and the regional average (6.8%) by 7.5 percentage points. This marks 52 consecutive months of double-digit growth. In 2024, the rare earth, crystalline silicon photovoltaic, steel, and aluminum industries will serve as the “four pillars” of Baotou’s industrial sector, with their output values each exceeding…

Rare earth market update on February 21, 2025 This week, the domestic rare earth market exhibited a pattern of initial decline followed by a rebound. At the beginning of the week, influenced by the significant price increases from the previous week, the persistently high rare earth prices, and limited downstream inquiries, suppliers rationally lowered their quotations. However, towards the weekend, the Ministry of Industry and Information Technology (MIIT) released draft regulations for public consultation on rare earth production quotas and…

Recently, the United States Geological Survey (USGS) released the global rare earth production and reserves in 2024, as well as the situation of the rare earth industry in the United States. The following is the relevant content compiled by China Tungsten Online. Global rare earth reserves and production In 2024, the global rare earth reserves will be about 90 million tons, a year-on-year decrease of 18.18%. Among them, China has the highest rare earth reserves of 44 million tons, accounting…

According to China Tungsten Online, in order to implement the “Rare Earth Management Regulations”, effectively protect and rationally develop and utilize rare earth resources, maintain ecological security, and promote the high-quality development of the rare earth industry, the Raw Materials Industry Department of the Ministry of Industry and Information Technology has drafted the “Measures for the Total Control of Rare Earth Mining and Rare Earth Smelting and Separation (Interim) (Draft for Public Comments)” and “Measures for the Information Traceability of…

Rare earth market update on February 20, 2025 There is no significant change in the overall center of gravity of domestic rare earth prices. Under the interweaving of long and short factors, the atmosphere of traders’ negotiations is slightly stalemate, so the market trading atmosphere is relatively weak and the transaction volume is relatively small. At present, the industry focuses on the downstream demand. Today, the prices of praseodymium-neodymium oxide, terbium oxide and holmium oxide are about 435,000 yuan/ton, 6,100…

Rare earth market update on February 19, 2025 The overall domestic rare earth market remains tepid, primarily reflected in the cautious sentiment among traders, reasonable fluctuations in the prices of mainstream products, and the scarcity of new orders. According to China Tungsten Online, the recent sharp increase in supplier quotations followed by minor decreases over the last one or two weeks has led to low enthusiasm among downstream users for market inquiries and purchases. Today, the prices saw the following…

Recently, Baiyun Obo has proposed and innovatively designed a new pattern for the construction of a “2+3+N” industrial system. “2+3+N” refers to “2 flagship industry chains (the mineral resources comprehensive utilization industry chain and the rare earth industry chain) + 3 key development industry clusters (new materials, the modern logistics cluster, and the enclave economic industrial park) + N key focus industries”. Comprehensive investment promotion efforts: By 2025, Baiyun Obo aims to sign 30 projects each worth over 100 million…

Rare earth market update on February 18, 2025 China’s rare earth overall price fluctuates within a narrow range. With a relatively balanced supply-demand relationship and no major positive news released in the market, the trade negotiation atmosphere is somewhat stagnant, leading to low market trading enthusiasm and slow order growth. Today, the prices of praseodymium oxide, erbium oxide, and dysprosium ferroalloy are stabilized at around 451,000 yuan/ton, 297,000 yuan/ton, and 1,700,000 yuan/ton respectively. China Tungsten Online believes that the recent…