Baogang Group and Northern Rare Earth have raised the prices of rare earth concentrates.

On the evening of January 9th, Baosteel and Northern Rare Earths simultaneously announced a further increase in the prices of rare earth concentrates: In the first quarter of 2026, the price of rare earth concentrates in related transactions will be adjusted to 26,834 yuan/ton excluding tax, an increase of 2.4% compared to the fourth quarter of 2025. Since last year, the domestic market for rare earth prices has shown signs of recovery. According to data compiled by the China Rare Earth Industry Association, in 2025, most rare earth prices saw an increase. The average price of neodymium oxide in light rare earths was 50.87 million yuan/ton, a year-on-year increase of 27.4%; the average price of metallic neodymium was 62.58 million yuan/ton, a year-on-year increase of 27%. In heavy rare earths, the average price of 99.99% terbium oxide was 673.87 million yuan/ton, a year-on-year increase of 17.2%; the average price of metallic terbium was 835.91 million yuan/ton, a year-on-year increase of 16.5%.