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Recently, Northern Rare Earth issued an announcement stating that, to further enhance the quality and efficiency of its technological achievements transformation, improve the allocation efficiency of scientific and technological resources, and strengthen its innovation capabilities, the company plans to invest 73.3645 million yuan to implement the Wet Smelting and Inorganic Functional Materials Pilot Base Construction Project. According to the announcement, the project will be located within the premises of the Northern Rare Earth Smelting Branch; it will cover a total…

Molybdenum market update on March 14, 2025 This week, the domestic molybdenum market has continued to exhibit a relentless downward trend, with the decline in prices of numerous molybdenum products slightly larger than last week. The price of molybdenum concentrate, for instance, has dropped from approximately 3,480 yuan/ton-degree to around 3,350 yuan/ton-degree. This is primarily attributed to strong downward pressure from steel companies on molybdenum iron prices, recent fluctuations and declines in international molybdenum prices, and a heightened willingness among…

Rare earth market update on March 14, 2025 This week, the domestic rare earth market has shown an overall slight upward trend, primarily due to the difficulty in increasing spot supply in the market and a heightened enthusiasm for inquiries and procurement from downstream users. According to China Tungsten Online, the price of praseodymium-neodymium oxide has risen by approximately 4,000 yuan/ton compared to last week, an increase of 0.90%; the price of praseodymium-neodymium metal has increased by about 5,000 yuan/ton,…

Rare earth market update on March 13, 2025 The domestic rare earth market has generally maintained a sideways trend, with traders sticking to rigid transactions amid a relatively balanced supply-demand relationship and the complex and volatile global economic backdrop. This has made it difficult for product prices to rise or fall significantly, while transaction volumes remain limited. Today, the prices of praseodymium oxide, gadolinium oxide, and dysprosium oxide are consolidating around 464,000 yuan/ton, 167,000 yuan/ton, and 1,720,000 yuan/ton, respectively. From…

Rare earth market update on March 12, 2025 The overall situation of the domestic rare earth market remains relatively favorable, primarily reflected in the continued upward trend of prices for various rare earth raw materials, strong inquiry and procurement enthusiasm from downstream users, and a prevalent reluctance among suppliers to sell due to bullish expectations. Today, the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and gadolinium oxide have increased by approximately 2,000 yuan/ton, 1,000 yuan/ton, and 1,000 yuan/ton, respectively. Notably, in…

Rare earth market update on March 11, 2025 Domestic rare earth price is fluctuating within a reasonable range, influenced by factors such as tightening spot supply of raw materials, a slight increase in inquiries from downstream users, strong support from production costs, and promising development prospects for downstream rare earth industries. As a result, many suppliers have slightly raised their quotations. Today, the prices of praseodymium-neodymium oxide, praseodymium-neodymium metal, and terbium oxide have increased by approximately 2,000 yuan/ton, 3,000 yuan/ton,…

Recently, according to a report from the Press Office of the Inner Mongolia Autonomous Region Government, in 2024, the region’s public welfare geological exploration efforts achieved significant results, playing a leading and exemplary role, while the commercial exploration market continued to heat up, with several mines realizing substantial increases in reserves. In 2024, Inner Mongolia made remarkable progress in increasing reserves of strategic mineral resources. Newly added resources included 52,400 tons of molybdenum, 591 million tons of iron ore, 80.6…

Recently, according to non-ferrous metals news, rare earths, as a critical component of non-ferrous metals, serve as a core material for transforming traditional industries, developing strategic emerging industries, and supporting the defense technology sector. However, how can the rare earth industry deeply integrate technological innovation with industrial innovation? Under the “dual carbon” goals, with increasingly stringent environmental policies, how should the rare earth industry strike a balance between resource development and ecological protection? Ao Hong, Vice President of the China…

Recently, Huahong Technology announced that its wholly-owned subsidiary, Xintai Technology, along with its subsidiaries Wanhong High-Tech and Jishui Jincheng, signed the 2025 Annual Cooperation Agreement for Praseodymium-Neodymium Product Procurement with Northern Rare Earth. This collaboration aims to secure a stable and sustainable supply of rare earth oxide products for Xintai Technology and its subsidiaries over the next 11 months, ensuring the operational stability and sustainability of Xintai Technology and its subsidiaries. It further highlights their industry position and comprehensive strength…

Rare earth market update on March 10, 2025 At the beginning of the week, domestic rare earth price fluctuated within a narrow range. Specifically, the prices of praseodymium-neodymium oxide, gadolinium oxide, and dysprosium oxide stabilized at approximately 442,000 yuan/ton, 165,000 yuan/ton, and 1,720,000 yuan/ton, respectively. On the positive side, several factors supported the market: first, the spot supply from rare earth mining companies remained tight; second, imports of rare earth minerals from Myanmar continued to be relatively limited; and third,…