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.
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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?
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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. |
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Our team of rare earths experts and price reporters provide weekly rare earths prices and market analysis.
Consumers of non-Chinese, ESG-compliant rare earths products will need to pay a premium over prices for Chinese material and there is “no way around” it, Grant Smith, chairman of Less Common Metals (LCM), said at the Critical Minerals Association & Geological Society Business Forum in London on Monday November 27
Western Australia (WA), Australia’s largest state, will evaluate the possibility of developing cathode active materials (CAM) production once precursor CAM (pCAM) output is up and running, Bill Johnston, the state’s Minister of Mines and Petroleum, told Fastmarkets
The Chinese Ministry of Commerce will include rare earths in its Catalog of Energy and Resource Products Subject to Export Reporting, the ministry said on Tuesday November 7
Chinese rare earth producer Shenghe Resources has entered into a subscription agreement with Vital Metals Limited, increasing its resource reserves in overseas rare earth mining projects
Read more about our suite of prices and coverage for rare earth materials that will play critical roles in the electrification of the transportation sector and clean energy generation
After seven years researching and developing a colemanite deposit project in Southern California, 5E Advanced Materials is prepared to begin operations at a small-scale boric acid plant during the fourth quarter of 2023, the company has told Fastmarkets
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