For the Quarter Ending September 2025
North America
• In USA, the Cerium Metal Price Index fell by 2.9% quarter-over-quarter, reflecting softer import availability and subdued industrial demand.
• The average Cerium Metal price for the quarter was approximately USD 3844.33/MT on CFR San Diego deliveries.
• Cerium Metal Spot Price remained pressured by ample Chinese arrivals, elevated bonded-warehouse inventories reducing activity.
• Cerium Metal Price Forecast indicates Q4 volatility driven by automotive strength, intermittent Chinese export licensing.
• Cerium Metal Production Cost Trend rose as FOB Chinese costs and transpacific freight increased CFR.
• Cerium Metal Demand Outlook driven by semiconductor and automotive catalyst needs amid weak construction demand.
• Cerium Metal Price Index moderated as import normalization eased supply constraints without triggering speculative restocking.
• Inventory and export demand dynamics suggest consolidation as distributors offload bonded stocks, influencing transactional pricing.
Why did the price of Cerium Metal change in September 2025 in North America?
• Improved Chinese export flows increased imports, raising availability and exerting downward pressure on CFR prices.
• Transpacific freight rate increases and FOB cost firmness lifted delivered costs, partially offsetting downward spot pressure.
• Selective restocking by semiconductor and automotive users supported demand, preventing a larger price decline further.
APAC
• In Malaysia, the Cerium Metal Price Index fell by 3.8% quarter-over-quarter, reflecting subdued demand, steady Chinese supply.
• The average Cerium Metal price for the quarter was USD 3712.67/MT, based on CFR Klang.
• Cerium Metal Spot Price remained weak; Cerium Metal Price Index recorded volatility from stock adjustments.
• Cerium Metal Price Forecast indicates modest swings as restocking and Chinese exports influence Price Index.
• Cerium Metal Production Cost Trend rose from freight and processing, supporting Cerium Metal Price Index.
• Cerium Metal Demand Outlook cautious as muted electronics pull and construction buying impact Price Index.
• Inventory draws contrasted with Chinese exports, reducing seller urgency, exerting downside pressure on Price Index.
• Major processors operated normally; flagged Q4 risks remained unimplemented, tempering Cerium Metal Price Index recovery.
Why did the price of Cerium Metal change in September 2025 in APAC?
• Steady Chinese export volumes maintained availability, while cautious Malaysian buying limited near-term price support marginally.
• Freight and warehousing costs rose modestly, nudging production cost trend and incremental import price pressure.
• Downstream demand softness in electronics constrained restocking, amplifying downward pressure on Cerium Metal Price Index.
Europe
• In Germany, the Cerium Metal Price Index declined quarter-over-quarter, reflecting softer import availability and subdued industrial demand.
• Cerium Metal Spot Price stayed under pressure from ample Chinese arrivals and elevated warehouse inventories, reducing trading activity.
• Cerium Metal Price Forecast indicates Q4 volatility driven by automotive catalyst demand and intermittent Chinese export licensing.
• Cerium Metal Demand Outlook supported by semiconductor and automotive catalyst needs, offset by weak construction demand.
• Cerium Metal Price Index moderated as import normalization eased supply tightness without sparking speculative restocking.
• Inventory and export dynamics point to consolidation as distributors clear bonded stocks, influencing transactional pricing.
Why did the price of Cerium Metal decrease in September 2025 in Europe?
• Increased Chinese export flows boosted imports, raising availability and pushing prices downward.
• Rising freight rates and firm FOB costs lifted delivered expenses, partially countering spot declines.
• Selective restocking by semiconductor and automotive users supported demand, limiting further price drops.
For the Quarter Ending June 2025
North America
• The Cerium Metal Price Index in North America rose by 0.8% quarter-over-quarter in Q2 2025, supported by modest restocking activity and stable availability across key consuming regions. A slight rebound in polishing and catalyst demand helped lift sentiment.
• The Cerium Metal Production Cost Trend remained steady, underpinned by stable input material costs and unhampered domestic operations. Import dependence on Chinese-origin feedstock was monitored, but no major disruptions occurred.
• The Cerium Metal Demand Outlook stayed conservative, with most procurement being need-based. Activity in polishing compounds and niche electronics sectors provided moderate support, although demand from automotive catalysts was still recovering.
• Export activity remained subdued, as buyers in Europe and Asia remained price-sensitive. The U.S. market remained largely self-reliant with sufficient supply and neutral trade flow dynamics.
Why did the price of Cerium Metal change in July 2025 in North America?
• The Cerium Metal Spot Price in July 2025 remained broadly stable versus June, reflecting a balanced market where adequate inventories and consistent domestic production aligned well with short-term demand.
• The Cerium Metal Price Forecast indicates continued sideways movement in the near term, unless a demand-side surprise or policy-driven supply restriction emerges.
• The Cerium Metal Demand Outlook remains cautiously optimistic, with minor gains expected in polishing applications and a possible recovery in automotive and catalyst sectors through H2.
Asia Pacific
• The Cerium Metal Price Index in Asia increased by 2.5% quarter-over-quarter in Q2 2025, largely due to steady consumption across polishing, catalysts, and specialty alloy segments. Renewed demand from EV and electronics sectors pushed spot offers higher.
• The Cerium Metal Production Cost Trend was stable in China, supported by captive mining and refining systems. Minor fluctuations in electricity and labor costs were absorbed without significant impact on overall pricing.
• The Cerium Metal Demand Outlook was positive, driven by continued growth in electronics manufacturing hubs like South Korea and Japan, and steady restocking by domestic buyers in China.
• Export availability was adequate, but outbound flows were selectively paced due to stricter documentation enforcement and rare earth export policy vigilance.
Why did the price of Cerium Metal change in July 2025 in APAC?
• The Cerium Metal Spot Price in July 2025 rose modestly from June, reflecting solid regional demand and slightly firmer sentiment from polishing and EV component producers.
• The Cerium Metal Price Forecast suggests stable to slightly bullish pricing, assuming no disruptions in China's supply chain or regulatory regime.
• The Cerium Metal Demand Outlook remains firm, backed by downstream demand consistency and steady inventory cycling across major APAC economies.
Europe
• The Cerium Metal Price Index in Europe decreased quarter-over-quarter in Q2 2025, driven by sluggish downstream consumption and inventory overhang in key countries like Germany and France. Market participants remained cautious amid limited end-use activity.
• The Cerium Metal Production Cost Trend stayed largely unchanged, with stable feedstock costs and energy prices across European processors. Domestic refiners relied mostly on imported intermediates, which saw no major cost escalation during the quarter.
• The Cerium Metal Demand Outlook was weak, as industrial users in the polishing and catalyst sectors delayed orders amid poor operating margins and economic uncertainty. Restocking activity was limited to short-term contract coverage.
• Trade flows into Europe were affected by lower spot interest, with Asian exporters seeing subdued enquiries from EU buyers. Overall sentiment remained bearish across the region.
Why did the price of Cerium Metal change in July 2025 in Europe?
• The Cerium Metal Spot Price in July 2025 declined marginally compared to June, reflecting the continuation of soft market conditions, subdued consumption, and high inventory levels carried over from Q2.
• The Cerium Metal Price Forecast signals a weak near-term trend, with no immediate catalysts for price recovery unless regional industrial activity improves.
• The Cerium Metal Demand Outlook remains under pressure, with most buyers delaying procurement in anticipation of further price softening and broader macroeconomic recovery.
For the Quarter Ending March 2025
North America
• The Cerium metal Price Index in North American market witnessed a modest 0.3% increase quarter-on-quarter in Q1 2025, with prices settling at USD 3910/MT CFR San Diego (USA).
• The Cerium metal Spot Price remained firm due to persistent supply constraints, import restrictions, and logistical bottlenecks at regional ports.
• Rising domestic demand, especially from production-linked industries, contributed to the bullish sentiment.
• Supply limitations due to global disruptions played a crucial role in sustaining elevated pricing.
• The Cerium metal Production Cost Trend stayed high amid logistical inefficiencies and sourcing challenges.
• Why did the Cerium Metal prices change in the US in April 2025? Prices were rising, driven by constrained imports and robust regional demand.
• The Cerium metal Demand Outlook for Q2 2025 remains strong, underpinned by expanding applications in electronics, polishing powders, and catalyst systems.
• The Cerium metal Price Forecast for North America suggests continued firmness unless supply chain barriers are resolved.
Europe
• The Cerium metal Price Index in Europe showed a downward trend in Q1 2025, led by Germany, where prices declined slightly from the previous quarter.
• The Cerium metal Spot Price in Germany reflected a bearish trend due to softened demand, particularly from the automotive sector.
• Increased global supply, lower production costs, and commissioning of new regional casting capacity influenced the negative pricing trend.
• Germany’s market saw oversupply conditions due to a neighboring country's improved production capability.
• The Cerium metal Production Cost Trend decreased owing to improved raw material access and manufacturing efficiencies.
• Why did the price of Cerium metal change in April 2025 in Europe? Prices remained low, as weak demand and rising regional supply pressured the market downward.
• The Cerium metal Demand Outlook for Q2 appears uncertain, contingent on recovery in automotive and electronics sectors.
• The Cerium metal Price Forecast indicates stable to slightly bearish pricing unless European demand rebounds sharply.
Asia-Pacific (APAC)
• The Cerium metal Price Index in APAC showed upward movement in Q1 2025, with China recording the most notable gains.
• The Cerium metal Spot Price in China closed at USD 330,173/MT FOB Shanghai, showing a 0.5% QoQ increase.
• Price increases were attributed to constrained production, logistic disruptions, and improved downstream consumption.
• Supply remained tight due to lower production volumes and transportation challenges across the region.
• Demand was bolstered by restocking efforts and growth in polishing powder and glass manufacturing sectors.
• The Cerium metal Production Cost Trend was volatile, driven by energy costs and labor availability in major markets like China.
• Why did the price of Cerium metal change in April 2025 across Asia? Prices were high, supported by reduced output and strengthening demand in end-use industries.
• The Cerium metal Demand Outlook for Q2 2025 remains optimistic, especially in China and Japan, supported by industrial expansion and green energy initiatives.
• The Cerium metal Price Forecast suggests firm-to-strong prices if supply remains restricted amid healthy downstream consumption.
For the Quarter Ending December 2024
North America
In Q4 2024, the Cerium Metal market in North America experienced a notable decrease in prices, driven by several key factors. Additionally, increase in supply stemming from global disruptions in the supply chain, import and export restrictions, and port congestions impacted market dynamics significantly. Moreover, demand for Cerium Metal decrease in North American market.
Furthermore, the USA witnessed the most significant price changes, with a recorded decrease from the previous quarter. Moreover, the quarter also saw a price difference between the first and second half, reflecting a steady downward trend. Despite challenges, the pricing environment remained negative overall, with prices steadily sliding throughout the quarter.
Additionally, the quarter-ending price for Cerium Metal in the USA, marking a substantial decrease from the beginning of the quarter. The market also faced disruptions, in supply chain reported during the quarter. The correlation between increase in supply, decreasing demand, and global market dynamics contributed to the overall bearish sentiment in the Cerium Metal pricing landscape for Q4 2024. The quarter-ending price for Cerium Metal CFR San Diego (USA) stood at USD 3853/MT.
Europe
Throughout Q4 2024, the Cerium Metal market in Europe experienced a downward trend in prices, with Germany showcasing the most significant price changes. Furthermore, this decrease was influenced by several key factors. Firstly, a decline in demand from the aviation sector, particularly driven by low orders from downstream sectors, played a crucial role in deceasing in prices. Additionally, increasing in supply globally, declined production costs, further impacting the prices. Moreover, in Germany specifically, the market saw an imbalanced supply situation, with the commissioning of a new casting line in a neighbouring country contributing to improved regional supply capabilities. Despite challenges in the manufacturing sector, the overall trend in Europe indicated a negative trend for Cerium Metal prices. Moreover, the quarter recorded a price decrease from the previous quarter, with a slight decrease between the first and second halves of the quarter. Ultimately, the quarter ended with Cerium Metal in Germany, reflecting a bearish pricing environment. The latest quarter-ending price for Cerium Metal in Germany, reflecting the decrease pricing sentiment prevalent in the region during Q4 2024.
APAC
In Q4 2024, the Cerium Metal market in the APAC Region saw a notable decrease in prices, driven by various factors shaping the market dynamics. Additionally, supply instability, influenced by factors like increased production levels and external market conditions, played a crucial role in the price downtick. Moreover, Demand declined, with challenges stemming from economic uncertainties and fluctuating consumer sentiment within the region. Furthermore China, being a significant player, experienced the most substantial price changes, with a bearish trend observed in the market. Additionally, the quarter showcased a negative correlation between supply adjustments and price movements, with minor fluctuations between the first and second halves of the quarter. Additionally, a 3% dip from the previous quarter, reflecting a bearish pricing environment due to supply increasing and decreasing demand. The quarter-ending of Cerium Metal in China solidified the negative trajectory witnessed throughout the quarter. Furthermore, notable disruptions included logistical challenges and supply chain adjustments, impacting market dynamics. The quarter-ending price for Cerium Metal FOB Shanghai (China) stood at USD 3520/MT.
