Monthly Rare Earth Market Report May 2026

Dragged by soft demand from NdFeB magnet, phosphor powder, electronic ceramics industries, prices of PrNd, praseodymium, neodymium, dysprosium, terbium, gadolinium and yttrium related products dropped by approximately RMB85,000/mt (USD12,480/mt), RMB55,000/mt (USD8,075.29/mt),RMB100/kg (USD14.68/kg),RMB50/kg (USD7.34/kg), RMB40,000/mt (USD5,872.94/mt) and RMB7,500/mt (USD1,101.18/mt)respectively in May 2026. Owing to strong demand from catalyst and polishing powder industries, prices of lanthanum and cerium related products moved up by about RMB350/mt (USD51.39/mt) and RMB1,000/mt (USD146.82/mt) in May 2026.Asian Metal Copyright The Japanese, South Korean, European and North American markets witnessed limited buying activities but upward prices in May 2026 due to weak demand but few inventories.Asian Metal Copyright The Japanese, South Korean, European and North American markets witnessed limited buying activities but upward prices in May 2026 due to weak demand but few inventories.Asian Metal Copyright39mt and RMB1,000mt USD146.Asian Metal Copyright