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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…

Rare earth market update on February 17, 2025 At the beginning of the week, domestic rare earth prices showed mixed trends, with some categories remaining stable while others experienced slight declines. Notably, the price of terbium oxide decreased by approximately 10 yuan/kg, and the price of holmium oxide dropped by around 2,000 yuan/ton. This downward adjustment was primarily driven by weak downstream demand, as end-users showed limited willingness to accept high-priced materials, coupled with suppliers’ constrained ability to raise prices.…

Rare earth market update on February 14, 2025 This week, domestic rare earth prices exhibited a trend of initial increases followed by declines. At the beginning of the week, driven by limited spot supply in the market and active inquiries from downstream buyers, prices of mainstream products continued their sharp rise from the previous week. However, as the weekend approached, prices underwent a rational correction due to lower-than-expected market transaction volumes, buyers’ reluctance to purchase at high prices, and increased…