As of the end of 2024, the estimated average price for terbium oxide at a minimum purity of 99.99 percent stood at *** U.S. dollars per kilogram. This figure represents a steep decrease compared to the price in previous years.

Neodymium rose to 562,500 CNY/T on July 11, 2025, up 0.45% from the previous day. Over the past month, Neodymium's price has risen 0.90%, and is up 22.95% 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 July of 2025.

It is forecast that the price of the rare earth oxide (REO) gadolinium will be 187,500 Renminbi per metric ton in 2030. Prices of the REO have been fairly volatile during the 2010s, with the 2011 price of nearly 390,000 Renminbi per metric ton decreasing to less than 70,000 Renminbi per metric ton in 2016. However, prices seem to have stabilized since then, with a gradually increasing trajectory forecast for 2021 through 2030.

There are 17 rare earth elements and although they are fairly abundant in the Earth's crust, often they occur at sparse intervals are are less economically exploitable.

The global rare earth metal market dropped to $8.2B in 2024, shrinking by -4.6% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2024: its value increased at an average annual rate of +2.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -4.6% against 2021 indices.

The Asian rare earth metal market fell to $5.6B in 2024, which is down by -2.3% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +2.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +1.7% against 2021 indices.

The price of the rare earth oxide neodymium oxide was 49,763 U.S. dollars per metric ton in 2020. By 2030, the price of neodymium oxide is expected to increase to 45,500 U.S. dollars per metric ton.

The Cuban rare earth metal market totaled less than $X in 2021, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern.

It is estimated that the price of lanthanum oxide will reach some 1,638 U.S. dollars per metric ton in 2021. There are 17 rare earth elements and although they are fairly abundant in the Earth's crust, often they occur at sparse intervals are are less economically exploitable.

In 2024, the U.S. rare earth metal market decreased by -13.7% to $1.2B, falling for the fourth consecutive year after five years of growth. Over the period under review, consumption, however, continues to indicate buoyant growth. Rare earth metal consumption peaked at $1.6B in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

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.

Between 2019 and 2022, 72 percent of rare earth imports into the United States originated from China. Malaysia and Estonia accounted for another eight and five 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 2022, China's rare earths production amounted to a total of some 210,000 metric tons. As of 2022, the country was estimated to have about 44 million metric tons of rare earth oxides (REO) in reserves.

In 2024, the North American rare earth metal market decreased by -13.4% to $1.2B, falling for the third year in a row after six years of growth. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $1.6B in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

In 2024, the Argentinian rare earth metal market was finally on the rise to reach $3M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In 2021, the Cuban compounds of rare-earth metals market increased by 34% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, faced a significant decrease. Compounds of rare-earth metals consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

The price of the rare earth oxide praseodymium oxide is expected to reach some ****** U.S. dollars per metric ton in 2030. In 2011, the price of praseodymium oxide reached a record high, at some ******* U.S. dollars per metric ton.

In 2024, the Danish compounds of rare-earth metals market increased by 117% to $396K for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt slump. Compounds of rare-earth metals consumption peaked at $5.3M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

Rhodium traded flat at 5,700 USD/t oz. on July 11, 2025. Over the past month, Rhodium's price has risen 3.64%, and is up 23.91% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on July of 2025.

For the third consecutive year, the Iraqi rare earth metal market recorded growth in sales value, which increased by 0% to less than $0.1 in 2024. Over the period under review, consumption continues to indicate significant growth. As a result, consumption reached the peak level of $15K. From 2021 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Benelux compounds of rare-earth metals market decreased by -2.4% to $1.9B for the first time since 2021, thus ending a two-year rising trend. Over the period under review, consumption saw a perceptible contraction. The level of consumption peaked at $2.7B in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The rubidium market, valued at approximately $500 million in 2025, is projected to experience steady growth, driven by increasing demand from key applications such as atomic clocks, spectroscopy, and pharmaceutical industries. The 4.53% CAGR indicates a robust market expansion over the forecast period (2025-2033), reaching an estimated value exceeding $800 million by 2033. This growth is fueled by technological advancements leading to more efficient rubidium extraction and purification processes, coupled with the rising adoption of rubidium-based products in niche applications like optical components and specialized glass manufacturing. Competitive dynamics among key players like American Elements, Ganfeng Lithium, and Merck Kgaa, are also shaping the market landscape, with ongoing innovation and strategic partnerships driving product development and market penetration. While the market benefits from a growing demand in various sectors, challenges remain. Supply chain constraints, particularly regarding the sourcing of rubidium-rich minerals, could hinder market growth. Furthermore, price volatility associated with raw material costs and fluctuations in global economic conditions pose potential restraints. However, ongoing research and development efforts focused on sustainable and cost-effective rubidium extraction techniques are anticipated to mitigate these challenges and further solidify the market's trajectory. The segmentation of the market by application and geographical region will offer further insights into the evolving market dynamics and attractive investment opportunities within specific niches. Recent developments include: December 2022: Aldoro Resources granted rubidium and lithium prospective tenement near Mt Magnet in Western Australia., August 2021: International Lithium Corp. acquired through staking more than 14,000 hectares of claims in the vicinity of the Raleigh Lake lithium and rubidium project in Ontario, Canada, bringing the Raleigh Lake project area to just over 17,000 hectares (170 sq km).. Key drivers for this market are: Growing Biomedical Applications, Applications in Specialty Glass. Potential restraints include: Growing Biomedical Applications, Applications in Specialty Glass. Notable trends are: Specialty Glass to Dominate the Market.