Rare earths – June 2026 snapshot for magnet-focused procurement (Nd, Pr, Dy) 1) Current price levels (China benchmarks; magnets-relevant) - Neodymium (Nd) metal: ~US$122/kg domestic China as of 1 June 2026; down ~2–3% vs May after a major Q1 rally from ~US$58/kg in Jan to ~US$117/kg by March. - Praseodymium (Pr) metal: ~US$125/kg domestic China as of 1 June 2026. - NdPr alloy (blended Nd+Pr magnet feed): ~US$110/kg as of 1 June 2026, down ~13% vs early May but more than doubled YTD from ~US$53/kg in January. - NdPr oxide (FOB China): ~US$100/kg at end‑April after a 21% monthly correction, vers

Rare earths – June 2026 snapshot for magnet-focused procurement (Nd, Pr, Dy) 1) Current price levels (China benchmarks; magnets-relevant) - Neodymium (Nd) metal: ~US$122/kg domestic China as of 1 June 2026; down ~2–3% vs May after a major Q1 rally from ~US$58/kg in Jan to ~US$117/kg by March. - Praseodymium (Pr) metal: ~US$125/kg domestic China as of 1 June 2026.

- NdPr alloy (blended Nd+Pr magnet feed): ~US$110/kg as of 1 June 2026, down ~13% vs early May but more than doubled YTD from ~US$53/kg in January. - NdPr oxide (FOB China): ~US$100/kg at end‑April after a 21% monthly correction, versus a Q1 peak ~US$111–126/kg; still ~2x January levels. - Dysprosium oxide: ~US$177/kg domestic China; FOB ~US$292/kg (April 29 data).

2) Market structure & demand (2026) - Magnets are the dominant value driver in rare earths; NdPr (plus Dy/Tb for high‑temperature grades) is the most commercially significant REE suite for NdFeB permanent magnets used in EV traction motors, wind turbines, defense and industrial drives. - Global rare earth elements market: - Value: ~US$4.2bn in 2025 → US$4.6bn in 2026; forecast ~US$10.5bn by 2036 (CAGR ~8.7%). Magnets are the leading application segment by 2026.

- Volume: ~208 kt in 2026, forecast 273 kt by 2031 (CAGR ~5.6%). NdPr demand growth outpaces total volume growth due to EV and wind sectors.

What this means for buyers

Procurement teams should maintain flexible sourcing strategies for Rare Earths given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.