The overall market conditions in the domestic rare earth market have not shown significant changes for the time being.

The overall of the domestic rare earth market has shown no obvious changes for the time being. Amid the interplay of bullish and bearish factors, both buyers and sellers are cautious in their trading mentality, product prices are fluctuating within a narrow range, and the pace of transactions is slow. At present, the prices of praseodymium-neodymium oxide, gadolinium oxide, and holmium oxide are approximately 740,000 yuan/ton, 898,000 yuan/ton, and 640,000 yuan/ton, respectively. From the perspective of favorable factors, first, the supply of low-priced goods in the market is tightening and the development momentum of high-end manufacturing is good, so suppliers have a low willingness to cut prices; second, Northern Rare Earth's rare earth concentrate transaction price for the fourth quarter of 2026 has risen, strongly supporting suppliers in keeping quotations firm. From the perspective of unfavorable factors, the relatively loose supply of raw material spot goods and the lack of momentum for a sharp rise in rare earth prices in the short term have jointly led to a decline in downstream users' purchasing willingness.