Market Overview
Global rare earth magnet prices showed moderate upward momentum this week, driven by tightening supply from major producing regions and steady demand from the automotive and renewable energy sectors.
Price Trends
NdFeB magnet prices increased by 2.3% week-over-week, with N52 grade magnets seeing the strongest gains. SmCo magnets remained stable with minor fluctuations in the European market.
Supply Chain Updates
Chinese export quotas for Q2 2026 were announced, showing a 5% reduction compared to the previous quarter. This is expected to tighten supply in the international market and put upward pressure on prices.
Policy & Regulatory News
The EU CBAM implementation continues to affect cross-border magnet trade, with new reporting requirements taking effect next month. Buyers should ensure compliance documentation is up to date.
Outlook
We anticipate continued price firmness through Q2, with potential for further increases if supply constraints persist. Buyers are advised to secure contracts early and maintain diversified sourcing strategies.