Rare earth market update on October 9, 2025
The domestic rare earth market overall performed steadily on the first trading day after the National Day holiday, with traders primarily engaging in rigid transactions and insufficient market activity, leading to difficulties in updating product prices. Today, the prices of praseodymium-neodymium oxide, terbium oxide, and dysprosium-iron alloy were approximately 564,000 yuan per ton, 7,100,000 yuan per ton, and 1,570,000 yuan per ton, respectively. Notably, some industry insiders predict that rare earth prices may maintain a relatively strong trend in the short term, mainly due to the continuous emergence of positive market news and robust development in downstream rare earth industries. On October 9, the Ministry of Commerce announced a decision to implement export controls on certain rare earth items and related technologies abroad.
In terms of news, according to the National Bureau of Statistics, in September, the manufacturing purchasing managers' index (PMI) was 49.8%, increased by 0.4 percentage points from the previous month. By enterprise size, the PMI for large enterprises was 51.0%, increased by 0.2 percentage points from the previous month; the PMI for medium-sized enterprises was 48.8%, decreased by 0.1 percentage points from the previous month; and the PMI for small enterprises was 48.2%, increased by 1.6 percentage points from the previous month. From the classification indices, the production index was 51.9%, increased by 1.1 percentage points from the previous month; the new orders index was 49.7%, increased by 0.2 percentage points from the previous month; and the raw materials inventory index was 48.5%, increased by 0.5 percentage points from the previous month.
Price of rare earth products on October 9, 2025
Erbium oxide picture
