Price-Watch™ provides price assessments for Lanthanum Metal across top trading regions:
Asia-Pacific
- Lanthanum Metal 99%min EX- Shanghai, China
- Lanthanum Metal 99%min FOB Shanghai, China
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Lanthanum Metal Price Trend Q1 2026
The global LaCe Mischmetal market exhibited a largely stable to marginally improving trend in the first quarter of 2026 as industrial activity began to gradually recover from last year’s end-of-year slowdown.
Many manufacturers returned cautiously to procure raw materials as they received stronger signals of improved visibility of both overall economic conditions and production planning. There are some signs of stability across all global industrial metal markets.
However, demand recovery remains uneven; therefore, ultimate recovery will depend on future changes in both supply and demand. Most key industry sectors such as renewable energy, defense technologies, and hybrid vehicles have provided much of the base for structural ongoing demand for rare earth materials, including LaCe Mischmetal (used in hydrogen storage alloys) and metallurgical applications.
Meanwhile, efforts to further diversify supply chains and expand recycling efforts regarding rare earth materials are also continuing to influence how companies are developing their overall global procurement strategies.
Furthermore, the development of environmental regulations is impacting production dynamics and thus impacting the market balance as countries and regions continue to establish new policy frameworks that will affect how producers operate in their countries.
Overall, the market has been up slightly during the quarter due to consistent fundamental fundamentals and improved cautiously by demand conditions.
China: LaCe Mischmetal Export prices FOB Shanghai, China; Grade- Purity: (La35%min, Ce65%min)
In Q1 2026, the LaCe Mischmetal price trend in China inclined marginally by 0.50% when compared to Q4 2025, an effectively flat outcome that reflected the broadly stable pricing environment for this light rare earth alloy blend consumed primarily in steel desulfurization, cast iron production, hydrogen storage alloys, and pyrophoric applications.
LaCe Mischmetal, composed primarily of Lanthanum and Cerium with minor rare earths, is a relatively low-value commodity within the rare earth product spectrum, with prices constrained by the abundant availability of light rare earth concentrates from Chinese mines.
Demand from the steel sector, which uses Mischmetal as a treatment agent to modify sulfide inclusion morphology, remained steady in Q1 2026 as steelmaking activity improved. Hydrogen storage applications for nickel-metal hydride batteries, including those used in hybrid vehicles, continued to provide steady incremental demand.
China’s rare earth regulatory framework, including mining quota management and export licensing for processed rare earth products, helped maintain a degree of price discipline even in this lower-value product category.
In March 2026, LaCe Mischmetal prices in China rose by 1.50%, a small but notable monthly uptick that may reflect some seasonal demand from the steel sector as Q1 production schedules ramped post-holiday. Overall, China’s LaCe Mischmetal market delivered a marginally inclined quarter in a broadly balanced and stable pricing environment.
