Rare earth market update on October 10, 2025
Domestic rare earth prices are exhibiting a trend of "localized stability with slight increases in some areas," with the prices of praseodymium-neodymium oxide, dysprosium oxide, and neodymium-iron-boron scrap (praseodymium-neodymium) increasing by approximately 1,000 yuan per ton, 10,000 yuan per ton, and 5 yuan per kilogram, respectively.
From the perspective of favorable factors, firstly, the Ministry of Commerce announced on October 9 a decision to implement export controls on certain rare earth items and related technologies abroad, a move that may exacerbate supply shortages in the overseas rare earth market, widen the price gap between domestic and international markets, and thereby support domestic rare earth price increases. Secondly, supported by production costs, suppliers have low willingness to offer discounts. Thirdly, downstream industries such as new energy vehicles and robotics maintain strong development momentum, continuously driving demand for rare earth functional materials.
From the perspective of unfavorable factors, firstly, current limited market liquidity, combined with the recent end of the National Day holiday, means many downstream users have not fully resumed procurement rhythms, leading to strong wait-and-see sentiment. Secondly, the relatively high current prices of rare earth raw materials and the underwhelming market performance during the "golden September and silver October" consumption peak season jointly contribute to low consumer procurement enthusiasm.
In terms of news, on October 9, the Ministry of Commerce and the General Administration of Customs jointly issued four announcements implementing export controls on items related to superhard materials, rare earth equipment and raw materials, five medium-heavy rare earths including holmium, lithium batteries, and artificial graphite anode materials.
Price of rare earth products on October 10, 2025
Erbium oxide picture
