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India paid the most for lanthanum in Q2 2026: USD 4.90/KG, up 4.3% from USD 4.70 in Q1.
Lanthanum is the most abundant of the light rare earth elements and, unlike many of its rare earth relatives, trades at relatively modest prices given its comparative abundance and well-established separation processes. It is recovered from bastnasite and monazite ore concentrates alongside cerium, neodymium, and other rare earths.
Its largest uses include fluid catalytic cracking catalysts in petroleum refining, nickel-metal hydride battery alloys, and specialty optical glass, with smaller volumes going into catalytic converters and ceramics.
China controls the large majority of global rare earth mining and separation capacity, which keeps Chinese domestic pricing consistently below the United States, Japan, and India, all of which rely substantially on imported material.
China remained the most affordable origin tracked in this report, trading roughly 76% below India through Q2 2026. Procurement teams sourcing across borders should factor that spread against their own freight and duty costs before comparing landed price.
Expect a mixed picture through H2 2026, with China easing modestly on ample domestic supply while import-reliant markets continue firming.
United States, Japan, and India should keep climbing gradually as demand for battery alloy and catalyst applications grows faster than non-Chinese separation capacity.
Any shift in Chinese rare earth export policy remains the key risk to watch for the three import-reliant markets in this group.
Taken together, the 4 markets in this report averaged a 2.8% increase quarter on quarter through the first half of 2026, a pace we expect to broadly continue barring a shift in the underlying cost or demand picture described above.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 4.04 - 4.46 | Balance of regional supply and demand conditions |
| China | 2.71 - 2.99 | Abundant domestic supply from established mining and processing facilities kept Chinese pricing easing modestly |
| United States | 4.48 - 4.94 | Import-reliant refining and battery alloy demand kept US pricing climbing in step with the broader non-Chinese trend |
| Japan | 4.22 - 4.65 | Steady catalyst and battery material demand supported another firm increase |
| India | 4.75 - 5.24 | Growing domestic demand for refining catalysts and specialty glass kept India at the top of this group |
China reached USD 2.79/KG in Q2 2026, abundant domestic supply from established mining and processing facilities, putting it the most affordable of the 4 markets tracked this quarter.
Why did the price of Lanthanum change in Q2 2026 in China?
Abundant domestic supply from established mining and processing facilities kept Chinese pricing easing modestly, the only market in this group to soften, with China now sitting about 33.0% below the 4-region average this quarter.
United States rose 3.8% to USD 4.62/KG in Q2 2026, import-reliant refining and battery alloy demand kept US pricing, making it the 2nd most expensive of the 4 markets tracked here this quarter.
Why did the price of Lanthanum change in Q2 2026 in United States?
Import-reliant refining and battery alloy demand kept US pricing climbing in step with the broader non-Chinese trend, which puts United States roughly 10.9% above the average across the 4 regions this report tracks.
USD 4.35/KG. That is where Japan landed in Q2 2026, up 4.1% from USD 4.18/KG in Q1 2026, ranking it the 3rd most expensive among the 4 markets this report follows.
Why did the price of Lanthanum change in Q2 2026 in Japan?
Steady catalyst and battery material demand supported another firm increase, working out to Japan trading about 4.4% above this quarter's 4-region average.
India's price gained 4.3% to USD 4.90/KG, growing domestic demand for refining catalysts and specialty glass, placing it the priciest across the 4 regions covered in this report.
Why did the price of Lanthanum change in Q2 2026 in India?
Growing domestic demand for refining catalysts and specialty glass kept India at the top of this group, leaving India running roughly 17.6% above the 4-region average for the quarter.
China reached USD 2.87/KG in Q1 2026, domestic supply conditions held steady as the year opened, putting it the most affordable of the 4 markets tracked this quarter.
Why did the price of Lanthanum change in Q1 2026 in China?
Domestic supply conditions held steady as the year opened, supporting a firm early-year gain before the softer Q2 turn, with China now sitting about 29.1% below the 4-region average this quarter.
United States rose 2.1% to USD 4.45/KG in Q1 2026, import demand held firm through the quarter supporting a, making it the 2nd most expensive of the 4 markets tracked here this quarter.
Why did the price of Lanthanum change in Q1 2026 in United States?
Import demand held firm through the quarter, supporting a steady early-year increase, which puts United States roughly 9.9% above the average across the 4 regions this report tracks.
USD 4.18/KG. That is where Japan landed in Q1 2026, up 2.1% from USD 4.09/KG in Q4 2025, ranking it the 3rd most expensive among the 4 markets this report follows.
Why did the price of Lanthanum change in Q1 2026 in Japan?
Consistent catalyst and battery alloy demand carried prices higher as the new year began, working out to Japan trading about 3.2% above this quarter's 4-region average.
India's price gained 2.0% to USD 4.70/KG, growing domestic industrial demand supported a firm start to, placing it the priciest across the 4 regions covered in this report.
Why did the price of Lanthanum change in Q1 2026 in India?
Growing domestic industrial demand supported a firm start to 2026, leaving India running roughly 16.0% above the 4-region average for the quarter.
The global average climbed steadily across the window, from USD 3.71/KG in Q1 2025 to USD 4.17 by Q2 2026, a gain of 12.2% over six quarters.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q2 2026 | 4.17 | +2.8% | ↑ Rising |
| Q1 2026 | 4.05 | +2.2% | ↑ Rising |
| Q4 2025 | 3.96 | +2.2% | ↑ Rising |
| Q3 2025 | 3.88 | +2.2% | ↑ Rising |
| Q2 2025 | 3.79 | +2.2% | ↑ Rising |
| Q1 2025 | 3.71 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
The global lanthanum average moved steadily through 2025, opening near USD 3.71/KG in Q1 and closing the year at USD 3.96, a 6.7% increase.
China prices moved from about USD 2.55/KG in Q1 2025 to USD 2.79 by Q4, up roughly 9.3%. That left China ranked 4 of 4 tracked markets heading into 2026.
United States prices moved from about USD 4.10/KG in Q1 2025 to USD 4.36 by Q4, up roughly 6.3%, placing United States 2 of 4 tracked markets as 2025 closed out.
Japan prices moved from about USD 3.85/KG in Q1 2025 to USD 4.09 by Q4, up roughly 6.4%. Japan closed the year ranked 3 of the 4 markets this report tracks.
India prices moved from about USD 4.35/KG in Q1 2025 to USD 4.61 by Q4, up roughly 6.0%, leaving India in 1 place among the 4 tracked markets heading into the new year.
Expert Market Research: Your Source for Real-Time Lanthanum Price Intelligence
Tracking lanthanum prices means tracking what actually moves them: bastnasite/monazite (RE concentrate) and lanthanum oxide costs, regional demand shifts, and the policy decisions that touch both. Our team maintains that view across every region in this report, refreshing it as conditions change.
Rather than a single static figure, our forecasts blend capacity data, feedstock cost trends, and demand signals from across the regions we cover, built specifically to support procurement budgeting and supplier negotiations.
Reach out to our analysts for a deeper regional breakdown, historical data extending beyond the six quarters shown here, or a custom lanthanum sourcing analysis tailored to your specific procurement footprint.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Lanthanum is the most abundant of the light rare earth elements and, unlike many of its rare earth relatives, trades at relatively modest prices given its comparative abundance and well-established separation processes. It is recovered from bastnasite and monazite ore concentrates alongside cerium, neodymium, and other rare earths.
In Q2 2026, it averaged USD 2.79/KG in China, USD 4.62/KG in United States, USD 4.35/KG in Japan, USD 4.90/KG in India, with India the priciest of the 4 markets tracked in this report.
The global average moved from USD 3.96/KG in Q4 2025 to USD 4.05 in Q1 2026, then to USD 4.17 by Q2, a 5.1% increase across the two quarters.
Abundant domestic supply from established mining and processing facilities kept chinese pricing easing modestly the only market in this group to soften. The other regions in this report saw broadly comparable pressures, though the specific mix of supply and demand drivers varied from market to market.
Expect a mixed picture through H2 2026, with China easing modestly on ample domestic supply while import-reliant markets continue firming.
Regional pricing spans from China at the low end to India at the high end among the 4 markets tracked here. That range comes down mainly to production cost structure, import reliance, and how tight local demand is running, all of which can shift the ranking over time.
Chinese rare earth mining and separation capacity, which dominates global supply; Fluid catalytic cracking catalyst demand from petroleum refiners, the largest single end use; Nickel-metal hydride battery alloy demand, along with broader macroeconomic conditions across the 4 regions this report tracks.
Lanthanum is the most abundant of the light rare earth elements and, unlike many of its rare earth relatives, trades at relatively modest prices given its comparative abundance and well-established separation processes. It is recovered from bastnasite and monazite ore concentrates alongside cerium, neodymium, and other rare earths.
China holds the large majority of global rare earth mining, separation, and refining capacity, giving domestic Chinese buyers direct access to material without the import logistics, tariffs, and supply chain premiums that the United States, Japan, and India face as substantially import-reliant markets.
Monthly, though our analysts flag any material shift in feedstock costs or regional demand as soon as it emerges.
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