Neodymium rose to 742,500 CNY/T on December 1, 2025, up 5.32% from the previous day. Over the past month, Neodymium's price has risen 9.19%, and is up 43.90% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Neodymium Rare Earth - values, historical data, forecasts and news - updated on December of 2025.

Scandium oxide had the highest average domestic price in China of any rare earth oxide as of March, 2024, at 6,200 yuan per kilogram. On the other side of the scale, Lanthanum oxide had the lowest average price of any rare earth in China at that time, with an average domestic price of 4,000 yuan per metric ton.

Northern America's rare-earth compounds market reached 2.5M tons valued at $31.1B in 2024, with the United States dominating both production and consumption. The market is forecast to grow to 3M tons and $38.4B by 2035, driven by sustained demand despite decelerating growth rates.

The article discusses the increasing demand for compounds of rare-earth metals, yttrium, and scandium in Australia, leading to an expected upward consumption trend over the next decade. Market performance is projected to decelerate, with a forecasted growth in volume and value terms by 2035.

Between 2020 and 2023, 70 percent of rare earth imports into the United States originated from China. Malaysia and Japan accounted for another 13 and 6 percent, respectively during that timeframe. Rare earth industry Rare earths include minerals such as scandium, yttrium, and lanthanides and range in abundance in their presence in the Earth’s crust. The problem is that they are dispersed and often it is difficult to find economically exploitable deposits. Rare earths are commonly used in a variety of industries and are essential in manufacturing cellphones, missile systems, and hybrid car batteries among others. China's rare earths industry China is the world's largest producer of rare earths by a large margin. Accordingly, many countries are dependent on rare earths imports from China to meet their needs, much like the United States. This dependency has caused some market volatility. In 2010, China announced a decrease in their rare earth quota and prices increased dramatically. Prices soared from 13.13 U.S. dollars per kilogram in the first quarter of 2010 to almost 60 U.S. dollars per kilogram at the end of October 2010. In 2015, the quota was abolished. However, during the scare, there was never a shortage and in fact, there is now a surplus of many of the minerals. In 2023, China's rare earths production amounted to a total of some 255,000 metric tons. As of 2023, the country was estimated to have about 44 million metric tons of rare earth oxides (REO) in reserves.

The Rare Earth Elements Market Report Segments the Industry by Product Type (Light Rare Earth Elements and Heavy Rare Earth Elements), Element (Cerium, Neodymium, and More), Application (Catalysts, Ceramics, and More), End-Use Industry (Clean Energy, Consumer Electronics, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Volume (tons).

Japan is the world's leading importing country of scandium and yttrium. In 2023, Japan imported nearly 7,700 metric tons of the rare earth-metals, with a value of approximately 334.02 million U.S. dollars. Ranking second was Malaysia, which imported some 150 million U.S. dollars of scandium and yttrium.

The article discusses the expected increase in demand for compounds of rare-earth metals, yttrium, and scandium in Northern America, leading to a projected upward consumption trend over the next decade. Market performance is predicted to grow at a slower pace, with a forecasted CAGR of +1.7% in volume and +2.0% in value from 2024 to 2035, reaching 3M tons and $38.6B respectively by the end of 2035.

As of 2024, China produced more than two thirds of the total global rare earth mine production. In a distant second place was the United States, accounting for a 11.6 percent share of the global rare earths production that year. In terms of rare earths production volume, China's production quota for rare earths amounted to 270,000 metric tons of rare earth oxide equivalent that year.

The market for rare-earth metals compounds in Asia is projected to see continued growth over the next decade, driven by increasing demand for yttrium, scandium, and mixtures of these metals. Market performance is expected to expand at a CAGR of +2.2% in volume terms, reaching 9.7M tons by 2035. In value terms, the market is forecast to grow at a CAGR of +2.3%, reaching $217.3B by the end of 2035.

China is the world's leading exporting country of scandium and yttrium. In 2023, China exported nearly ***** metric tons of these rare earth-metals, with a value of approximately *** million U.S. dollars. Ranking second was Thailand, which exported some ** million U.S. dollars of scandium and yttrium. That year, Japan was the top importing country of scandium and yttrium worldwide, with an import value that amounted to nearly *** million U.S. dollars.

The demand for compounds of rare-earth metals, yttrium, and scandium in Africa is driving the market to grow steadily over the next decade. The market is expected to reach 1.1M tons by 2035, with a value of $26.7B.

China started imposing restrictions on the exports of rare earth metals at the beginning of 2010 and has put a cap on them. China announced a stricter cap of 7,976 metric tons in the second half of 2010, which was 72% less than the 28,417 metric tons cap in the second half of 2009. This move is expected to impact the development of PMGs. The prices of the rare earth metals affected have already sky-rocketed. It is expected that Chinese companies capitalizing on their domestic supply will get a greater share in the PMGs market. Furthermore, substitute products will gain a larger share and companies will explore options including partnerships and investment to secure supply of the metals. Read More

Learn about the expected growth of the rare-earth metals market in China over the next decade, driven by increasing demand for compounds of yttrium, scandium, and mixtures of these metals.

Price of Alkali and Rare Earth Metals fell to $5,310 per ton in March 2023 (CIF, India), a -36.9% month-over-month decrease.

The demand for rare-earth metals, yttrium, and scandium compounds in the United States is on the rise, with market consumption expected to increase over the next decade. By 2035, the market volume is projected to reach 2.6 million tons, valued at $29.7 billion.

The article discusses the increasing demand for compounds of rare-earth metals, yttrium, and scandium in the UK market, with predictions of a gradual growth in consumption over the next decade. Market performance is expected to show a slight deceleration, with a projected increase in volume and value by the end of 2035.

In February 2023, the alkali and rare earth metals price amounted to $4,676 per ton (CIF, Spain), picking up by 24% against the previous month.

The average compounds of rare-earth metals import price stood at $8,898 per ton in February 2025, falling by -39.9% against the previous month.

In February 2025, the average compounds of rare-earth metals export price amounted to $10,144 per ton, leveling off at the previous month.