From February 2025 to February 2026, the price of Pr-Nd exhibited a distinct trend of “oscillating at the bottom first and then surging continuously”.
After hitting a low in Q2 2025, the price gradually rebounded, peaking at a stage high of 77.5/W in August, followed by a slight pullback and consolidation in Q4.
Entering 2026, driven by the surging demand for permanent magnet materials from downstream sectors like new energy vehicles and wind power, coupled with tightened upstream supply, Pr-Nd prices embarked on a steep upward trajectory.
It soared from 91.5/W in January to 108/W in February, hitting a one-year high. Overall, supported by a tight supply-demand balance, the price center of Pr-Nd has shifted significantly upward, establishing a strong market pattern.