Baotou Rare Earth Products Exchange (referred to as "Rare Earth Exchange") recently announced that the rare earth price index has been officially launched simultaneously on platforms such as the Rare Earth Exchange's official website, WeChat public account, and China Financial Information Network.

This index is compiled using the trading data from the Rare Earth Exchange platform itself, as well as extensively collected real and compliant trade data, combined with rigorous index models from scientific research institutions. It covers mainstream rare earth products in the market such as lanthanum, cerium, praseodymium, and neodymium, comprehensively and dynamically reflecting the overall price trends of China's rare earth products and the market changes of subdivided varieties, and providing more timely, accurate, and transparent price references for the rare earth industry.

The Rare Earth Exchange stated that since the index was released at the 2025 Entrepreneurs Boao Forum on December 5, 2025, it has provided a powerful tool for establishing a sound, well-functioning and effective rare earth price information system, helping the healthy and orderly development of the rare earth market, and has attracted widespread attention from the rare earth industry once released. At present, the comprehensive price system of the Rare Earth Exchange, including "daily transaction prices, weekly rare earth price index, and monthly rare earth price expectation index", is gradually improving.

The Rare Earth Exchange stated that in the next step, it will continue to optimize index content, enrich the index system, expand the release of the index platform, strengthen the promotion of index applications, and strive to build an indispensable price "barometer" and "vane" in China's rare earth product circulation field. It will contribute digital and intelligent forces to serving the high-quality construction of the country's largest rare earth new material base and the world's leading rare earth application base, ensuring the security of the industrial chain and supply chain, and building a unified national market for the rare earth industry.

According to the official website of the Rare Earth Exchange, it is jointly funded and established by 13 central and local large-scale rare earth backbone enterprises and related institutions, including Northern Rare Earth, China Rare Earth, China Rare Earths, China Rare Earth Development, National Reserve Center, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., Xiamen Tungsten Industry, China Rare Earth Liangshan, Gansu Rare Earth, High-tech Holdings, Sinosteel Trading, China Nuclear Investment, and Xinhua Index.

On August 8, 2012, the Rare Earth Exchange was officially unveiled at the opening ceremony of the 4th China Baotou Rare Earth Industry (International) Forum. At the end of 2013, it successfully passed the special review and acceptance for the national clean-up and rectification of various exchanges. On March 28, 2014, the Rare Earth Exchange was put into official operation. In 2017, it passed the special review and acceptance for the national clean-up and rectification of various exchanges. In 2022, it obtained the national high-tech enterprise certification.

It is worth mentioning that on January 9, both Baotou Steel Co., Ltd. and Northern Rare Earth issued announcements stating that they would increase the associated transaction price of rare earth concentrates for the first quarter of 2026.

Among them, Baotou Iron & Steel Co., Ltd. announced that in accordance with the rare earth concentrate price adjustment mechanism and calculation formula approved at the company's 2022 Annual General Meeting of Shareholders, it plans to adjust the associated transaction price of rare earth concentrates for the first quarter of 2026 to 26,834 CNY/ton excluding tax (dry weight, REO = 50%). For every 1% increase or decrease in REO, the price excluding tax will increase or decrease by 536.68 CNY/ton.

On the same day, Northern Rare Earth issued an announcement stating that in accordance with the pricing method for rare earth concentrates and the price of rare earth oxides in the fourth quarter of 2025, after calculation and approval at the first general manager's office meeting of the company in 2026, the transaction price of rare earth concentrates in the first quarter of 2026 will be adjusted to 26,834 CNY/ton excluding tax (dry weight, REO = "50%"). For every 1% increase or decrease in REO, the price excluding tax will increase or decrease by 536.68 CNY/ton.

Previously, Northern Rare Earth adjusted the transaction price of rare earth concentrates for the fourth quarter of 2025 to 26,205 CNY/ton excluding tax (dry weight, REO = "50%"), an increase of 37% month-on-month. For every 1% increase or decrease in REO (Rare Earth Oxide), the price excluding tax will increase or decrease by 524.10 CNY/ton accordingly.

Since 2024, the trading price of rare earth concentrates has been continuously rising.

It is understood that rare earths are a general term for 17 elements and are non-renewable strategic resources. According to their physical and chemical properties and distribution, they can be divided into two categories: light rare earths and medium-heavy rare earths. Light rare earths have relatively abundant reserves and are widely distributed, while medium-heavy rare earths are rarer and unevenly distributed, with most concentrated in China. Ionic rare earths (heavy rare earths) are mainly distributed in Jiangxi, Fujian, Guangdong, Yunnan and other places, accounting for more than 80% of the global heavy rare earth reserves.

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