Northern Rare Earth praseodymium-neodymium prices jump after Baotou auction

NRE(Northern Rare Earth)

China’s leading producer lifted offers, sending Northern Rare Earth praseodymium-neodymium prices higher on the Baotou exchange. Strong bidding, thin inventories, and firmer magnet demand reinforced momentum across the rare earth value chain.

Auction results and near-term price signals

Northern Rare Earth sold 100t of PrNd metal on Repe in five bidding rounds. The lots cleared at the ceiling of Yn579.5/kg ex-works. The increase beat a Yn573/kg start and prior sales at Yn572/kg. As a result, Northern Rare Earth praseodymium-neodymium prices set a stronger reference level for spot trade.

Feedstock tightness lifts oxide and metal

Higher auction prints immediately buoyed oxide feedstock. Deals for 99% PrNd oxide closed at Yn498–500/kg ex-works. Meanwhile, magnet enquiries returned, lifting 99% metal to Yn598–605/kg ex-works. That range rose from Yn583–588/kg on 22 July, underscoring tightening availability.

Market participants cite constrained oxide supply and low magnet plant stocks. Therefore, sellers expect firmness while buyers tread cautiously after sustained gains. In this setting, Northern Rare Earth praseodymium-neodymium prices anchor bullish sentiment for NdFeB supply chains.

Short-term risks center on logistics, purchasing discipline, and downstream run-rates. However, resilient aerospace, EV motor, and wind turbine demand continues to support NdPr fundamentals. Price dips may attract restocking if oxide flows remain uneven.

The Metalnomist Commentary

The Baotou auction reset the near-term floor for NdPr, with feedstock scarcity doing the heavy lifting. Watch magnet producers’ inventory cycles and any supply releases that could temper premiums. Until then, firmness prevails while procurement stays selective.