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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.

rare earth element produced by china, a stack of metallic cubs repres
China’s Shenghe Resources to acquire shares in Vital Metals

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

November 2, 2023
 · 
By: Fastmarket team
Aluminium, Accessories, Diamond
Fastmarkets launches rare earths prices for the energy transition

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

November 2, 2023
 · 
By: Yolande Peters
US 5E Advanced Materials ready to start up small-scale boric acid plant

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

October 26, 2023
 · 
By: Renato Rostás
Charging EV
Canada’s SRC rare-earth plant nears completion

Fastmarkets interviews Jeremy Harrison, Saskatchewan’s trade and export minister, about why the province is investing in rare earths processing

October 26, 2023
 · 
By: Caroline Messecar
Brazil starts to tap its rare earth reserves

A rare earth mining project nearing completion in the midwestern state of Goiás has the potential to kickstart the development of a rare earth industry in Brazil, market participants said

October 16, 2023
 · 
By: the Fastmarkets team
Offshore wind industry in need of rare earth magnets

Demand for neodymium rare earth magnets from the offshore wind power industry is set to soar in the next decade if decarbonization plans are realized

September 19, 2023
 · 
By: Sofia Okun
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