In April 2026, the domestic rare earth market witnessed a landmark price increase. Both Baotou Steel and Baotou Rare Earth simultaneously announced that the price of rare earth concentrate (REO = 50%) for the second quarter would be raised to 38,804 yuan per ton, representing a 44.61% increase compared to the previous quarter. This was the largest single-quarter increase since the pricing mechanism reform in 2023. This marked the seventh consecutive quarter of price hikes for rare earth concentrate since the third quarter of 2024, with a cumulative increase of over 130%, completely reversing the industry’s supply and demand dynamics. Sichuan Wonaixi New Materials Technology Co., Ltd., with its deep focus on high-purity rare earth salts and functional materials, has seen a dual boost in product value and market competitiveness.
The sharp increase in mineral prices has reshaped the industry landscape, highlighting the strategic scarcity of rare earths. This round of rare earth price hikes is driven by both supply and demand. On the supply side, the growth rate of domestic mining quotas has slowed down, and the supply of imported minerals has tightened. The control over rare earths as a strategic resource by the state has been continuously strengthened. On the demand side, the explosive growth of emerging industries such as new energy vehicles, wind power, industrial robots, and precision optics has led to a surge in demand for high-purity rare earth materials, directly pushing the price of rare earth concentrates from 16,741 yuan per ton in the third quarter of 2024 to the current level.
Rare earths are the “vitamins of industry” and the “strategic cornerstone” of high-end manufacturing. Light rare earths such as cerium and lanthanum are irreplaceable in catalysis, environmental protection, and polishing. Medium and heavy rare earths such as dysprosium and terbium are core materials for national defense, military, aerospace, and electronic information. Over 95% of the global medium and heavy rare earth production capacity is concentrated in China, with a stable pricing power. As the price of rare earth minerals continues to rise, deep processing enterprises of rare earths with technological barriers, high-purity production capacity, and stable customers will fully benefit from the upward trend of industry prosperity and the increase in product premiums.
Wonaixi: Deeply engaged in high-purity rare earth materials, building a full-chain product matrix
The company’s products cover over 50 types of rare earths, forming a core advantage of “small varieties, high purity, and multiple categories”. Core products include: Cerium-based high-purity materials: electronic-grade cerium nitrate, ammonium cerium nitrate, cerium hydroxide; Rare earth precision polishing powder: used in the precision processing of optical instruments, mobile phone panels, and semiconductor wafers, with quality reaching international advanced levels; High-purity rare earth salts: series of sulfate, chloride, and fluoride of lanthanum, cerium, yttrium, etc., widely used in new energy, medicine, precision optics, aerospace, and other fields, with customers covering high-end manufacturing enterprises at home and abroad.
Value Release Amidst the Price Hike Wave: Dual-Driven by Technology and Capacity
The sharp increase in the price of rare earth concentrates poses both challenges and opportunities for industry players. Wonaixi, with its advanced processing technology, high-purity product barriers, and stable supply chain, has effectively mitigated the pressure of raw material cost increases. At the same time, it has expanded its profit margins by relying on high-value-added products.
Yang Xinge, the general manager of the company, stated: “Rare earths are strategic resources, and the price increase reflects their scarcity value and strategic importance. Wonaixi adheres to the principles of ‘technological leadership, quality first, and customer orientation’, focusing on high-purity rare earth small-variety salts and functional materials. We continuously increase R&D investment, optimize production processes, and enhance product purity and stability to meet the demands of high-end markets. Currently, our company has a full order book and our products are in short supply. With the continuous improvement of the rare earth industry’s prosperity, Wonaixi will embrace new opportunities for high-quality development.”
At present, the global rare earth supply and demand situation remains tight, and the upward trend in prices is unlikely to reverse in the short term. Wonaixi will seize the development opportunities of the industry, relying on the rare earth resource advantages and industrial policy support in Sichuan, continuously expand the production capacity of high-purity rare earth materials, enrich product categories, enhance technological innovation capabilities, and strive to become a leading domestic and internationally renowned supplier of rare earth functional materials. It aims to provide key material support for the development of China’s high-end manufacturing, new energy, national defense and military industries, and contribute to the high-quality development and strategic security of the national rare earth industry.
Post time: Apr-22-2026
