China Northern Rare Earth's September listing prices significantly increased MoM

China Northern Rare Earth's September listing prices were released on the afternoon of September 2. As many market participants had expected, the September listing prices for various rare earth products from China Northern Rare Earth saw a significant increase compared to August. The prices for Pr-Nd oxide, neodymium oxide, Pr-Nd alloy, and neodymium metal all increased by more than 4%. This high listing coincided with the beginning of the "September peak season," greatly boosting confidence in the rare earth market.
This week, Pr-Nd prices rose rapidly. As of September 5, the price of Pr-Nd oxide had increased by 4.8% compared to August 30, while the price of Pr-Nd alloy had risen by 5.1%.
Although it is already September, end-user demand recovery remains slow, and downstream magnetic material companies have limited acceptance of high-priced sources. However, the significant reduction in rare earth ore imports and the substantial narrowing of the total control indicators for rare earth mining have provided supply-side support for rare earth prices. Additionally, most industry insiders hold an optimistic view of rare earth prices. This optimism has kept upstream quotations firm, with sellers unwilling to sell at low prices, making low-priced spot sources hard to find in the market.