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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.

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China restrictions on gallium and germanium ‘harmful’ to US chipmakers

China’s impending export ban on gallium and germanium will be detrimental to the cost-effective manufacturing of advanced semiconductor chips in the United States in the near term

July 19, 2023
 · 
By: Grace Asenov
Are China’s export curbs on gallium and germanium a political symbol or a real threat? [update]

Restrictions on critical minerals by China cast uncertainty over industry

July 7, 2023
 · 
By: the Fastmarkets team
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Market imbalances for rare earths persist

Supply challenges persist to meet rising rare earths demand, reports Davide Ghilotti

March 14, 2022
 · 
By: the Fastmarkets team
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