CITIC Securities: Praseodymium-neodymium oxide average price rises 73.6% in H1 2026

AI Market Summary
CITIC Securities reports praseodymium-neodymium oxide averaged 731k yuan/tonne in H1 2026 (+73.6% YoY), driven by tighter supply (lower imports and recycling, stricter China rare-earth policy enforcement) alongside stronger demand from EVs, robotics, and exports. The data underscores a materially tighter rare-earth input market, a supportive backdrop for downstream manufacturers' cost pressures and related industrial supply-chain sensitivity.
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CITIC Securities said the average price of praseodymium-neodymium oxide reached 731,000 yuan per tonne in the first half of 2026, up 73.6% year on year. The report attributed the rise to a sharp drop in import and recycled supply, alongside tighter enforcement of China’s rare earth management policies that kept supply constrained. On the demand side, it cited higher output of new energy vehicles and robots as well as strong growth in export orders. The price move reflects a material tightening in the supply-demand balance for a key rare earth raw material.