Global energy and commodity price reporting agency Argus has launched prices for three key rare earth oxides, delivered into Europe.
The new weekly assessments are for neodymium-praseodymium oxide (NdPr), praseodymium oxide and gadolinium oxide delivered to Europe. They cover materials that are essential to a number of key industries and build on Argus’ extensive suite of market-leading assessments for rare earths exported from China.
The new NdPr price is the first available outside China. NdPr is a vital building block in the rare earth magnet supply chain. Rare earth magnets are indispensable to automotive manufacture, offshore wind turbines and electronics. They are also vital for the defence industry, where they are used in fighter jet engines, and in missile guidance and communication systems.
China imposed export controls on a number of rare earths and magnets from 4 April 2025, opening deep cracks in the global market which resulted in extraordinary interregional price spreads for affected materials. European prices for yttrium oxide, for example, rose by almost 800% in just a couple of weeks.
Argus Media chairman and chief executive Adrian Binks said: “It has never been more important to bring transparency to the rare earths market. Recent months have seen the international community pushing to diversify the supply chain around the world. Argus is the best positioned market intelligence provider to shine light on this market, with more than 20 years’ experience pricing rare earths, including over a decade covering delivery of the material into the European market.”
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