Monthly Rare Earth Market Report Jan 2026

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 China tightens export controls on dual-use items to Japan 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 PrNd oxide 99%min EXW China 3
3.1.2 PrNd mischmetal 99%min Nd2O3 75% EXW China 3
3.1.Asian Metal Copyright9%min FOB China 5 3.Asian Metal Copyright3 Neodymium oxide 99.5%min EXW China 3
3.1.4 Neodymium metal 99%min EXW China 3
3.1.Asian Metal Copyright57% MoM 9 5.Asian Metal Copyright5 Praseodymium 99.5%min EXW China 3
3.1.Asian Metal Copyright1.Asian Metal Copyright6 Dysprosium oxide 99.5%min EXW China 4
3.1.7 Ferrodysprosium 80% EXW China 4
3.1.Asian Metal Copyright12 Gadolinium oxide 99.Asian Metal Copyright8 Terbium oxide 99.99%min EXW China 4
3.1.Asian Metal Copyright3 China's neodymium metal production statistics 9 5.Asian Metal Copyright9 Terbium metal 99.9%min EXW China 4
3.1.10 Chinese cerium oxide market 4
3.1.11 Chinese lanthanum oxide market 4
3.1.Asian Metal Copyright1 PrNd oxide 99%min EXW China 3 3.Asian Metal Copyright12 Gadolinium oxide 99.5%min EXW China 5
3.1.Asian Metal Copyright5%min EXW China 5 3.Asian Metal Copyright13 Yttrium oxide 99.999%min EXW China 5
3.2 Chinese Export Market 5
3.2.1 Neodymium metal 99%min FOB China 5
3.2.2 Ferrodysprosium 80% FOB China 5
3.2.Asian Metal Copyright3.Asian Metal Copyright3 Lanthanum oxide 99.9%min FOB China 5
3.3. International Market 5
3.3.1 European praseodymium oxide market 5
3.3.2 European cerium oxide market 6
4. Company News 6
4.1 Huaxing Rare Earths' metal production line fully operational 6
4.2 China Northern Rare Earth raises Q1 concentrate prices further 6
4.3 Jinmeng Rare Earth begins trial production of NdFeB waste recycling line 6
4.4 Lynas Malaysia resumes PrNd production 6
4.5 MCC New Energy puts phase II project into operation 6
5. Producers Metrics 6
5.1 China's PrNd oxide production statistics (produced from rare earth ore) 6
5.1.Asian Metal Copyright12 Gadolinium oxide 99.Asian Metal Copyright1 China's PrNd oxide producers' average operating rate in January 2026 up by 5.82% MoM 6
5.1.Asian Metal Copyright3 Lanthanum oxide 99.Asian Metal Copyright2 China's PrNd oxide producers' output in January 2026 up by 5.82% MoM 7
5.1.Asian Metal Copyright1.Asian Metal Copyright3 China's PrNd oxide producers' stocks in January 2026 down by 2.57% MoM 7
5.2 China's PrNd mischmetal production statistics 8
5.2.Asian Metal Copyright5%min EXW China 3 3.Asian Metal Copyright1 China's PrNd mischmetal major producers' average operation rate in January 2026 slides by 0.51% MoM 8
5.2.Asian Metal Copyright3.Asian Metal Copyright2 China's PrNd mischmetal major producers' output in January 2026 down by 0.50% MoM 8
5.2.Asian Metal Copyright40% MoM 8 5.Asian Metal Copyright3 China's PrNd mischmetal producers' stocks in January 2026 down by 16.40% MoM 8
5.3 China's neodymium metal production statistics 9
5.3.Asian Metal Copyright3.Asian Metal Copyright1 China's neodymium metal major producers' average operating rate in January 2026 slides by 3.58% MoM 9
5.3.Asian Metal Copyright999%min EXW China 5 3.Asian Metal Copyright2 China's neodymium metal major producers' output in January 2026 drops by 3.57% MoM 9
5.3.3 China's neodymium metal producers' stocks in January 2026 unchanged MoM 10
5.4 China's dysprosium oxide production statistics 10
5.4.Asian Metal Copyright2 Ferrodysprosium 80% FOB China 5 3.Asian Metal Copyright1 China's dysprosium oxide major producers' average operating rate in January 2026 edges up by 0.07% MoM 10
5.4.Asian Metal Copyright1.Asian Metal Copyright2 China's dysprosium oxide major producers' output in January 2026 down by 2.83% MoM 10
5.4.Asian Metal Copyright1.Asian Metal Copyright3 China's dysprosium oxide major producers' stocks in January 2026 up by 8.84% MoM 11
5.5 China's ferrodysprosium production statistics 11
5.5.1 China's ferrodysprosium major producers' average operating rate in January 2026 unchanged MoM 11
5.5.2 China's ferrodysprosium major producers' output in January 2026 level off MoM 11
5.5.Asian Metal Copyright3 China's neodymium metal production statistics 9 5.Asian Metal Copyright3 China's ferrodysprosium major producers' inventories in January 2026 down by 22.86% MoM 12
6. Trade Data (Dec. 2025) 12
6.1 China's rare earth export volume in December 2025 down by 20.0% MoM 12
6.1.1 China's neodymium oxide export volume 12
6.1.2 China's dysprosium oxide export volume 13
6.1.3 China's terbium oxide export volume 13
6.1.4 China's lanthanum oxide export volume 13
6.1.5 China's cerium oxide export volume 14
6.2 China's rare earth average export price in December 2025 up by 28.3% MoM 14
.Asian Metal Copyright9%min FOB China 5 3Asian Metal Copyright