China Neodymium Prices Expected to Weaken Amid Seasonal Demand Slowdown and Rising Supply

Neodymium prices in China continued to be soften through June as the light rare earth market entered a deeper-than-usual off-season, with weakening sentiment and a widening supply–demand imbalance shaping expectations for the weeks ahead. Since early June, domestic prices for neodymium oxide, neodymium metal, praseodymium-neodymium alloy, and related light rare earth products have edged steadily downward. Market participants report that the combination of sluggish new orders, reduced consumption of Pr-Nd in mid- to low-end magnets, and increased use of recycled feedstock has kept demand for virgin Neodymium under persistent pressure. This has sharply reduced transaction volumes and reinforced a cautious, defensive tone across the supply chain.

June’s downturn has been amplified by the traditional seasonal lull in key downstream sectors such as new energy vehicles, wind power, and industrial motors, all of which have entered a period of significantly reduced activity. New orders in...