Rare earth market update on October 11, 2025
The overall operation of the domestic rare earth market remains weak, primarily reflected in low trading enthusiasm from both buyers and sellers, varying degrees of price declines across numerous products, and a limited number of new orders. Today, the prices of praseodymium oxide, praseodymium-neodymium oxide, and holmium oxide decreased by approximately 13,000 yuan per ton, 5,000 yuan per ton, and 10,000 yuan per ton, respectively.
It is understood that during the traditional consumption peak season, weaker-than-expected downstream demand is the main reason for heightened panic and concern among traders, as well as the difficulty in raising product prices. However, influenced by frequent recent positive news, suppliers' willingness to offer discounts remains generally limited.
Northern Rare Earth has adjusted the rare earth concentrate trading price for the fourth quarter of 2025 to 26,205 yuan per ton (tax-exclusive, dry basis, REO=50%), increased by 37.13% month-on-month and increased by 47.37% year-on-year. For every 1% increase or decrease in REO, the tax-exclusive price increases or decreases by 524.10 yuan per ton, increased by 37.13% month-on-month and increased by 47.37% year-on-year.
To further strengthen rare earth export controls, on October 9, the Ministry of Commerce issued announcements on the implementation of export controls on certain rare earth items abroad and related technologies. Additionally, the Ministry of Commerce and the General Administration of Customs released measures to implement export controls on certain rare earth equipment, raw materials, and some medium-heavy rare earth items.
Price of rare earth products on October 11, 2025
Neodymium oxide picture
