Rare earth market update on November 6, 2025
The domestic rare earth market continues to operate steadily overall. With supply and demand in weak balance, traders show low enthusiasm for entering the market, product prices fluctuate within a reasonable range, and order growth remains slow. Today, praseodymium oxide, erbium oxide and dysprosium oxide are consolidating around RMB 565,000 per ton, RMB 338,000 per ton and RMB 1,600,000 per ton, respectively.
From the supply side, affected by strong environmental crackdowns, high energy prices, weak downstream demand and insufficient short-term market confidence among industry players, some rare-earth mining and smelting enterprises have slowed their capacity release, which is not conducive to increasing spot inventories. From the demand side, although China’s one-year suspension of rare-earth export controls is favourable for increasing orders, downstream producers face tight cash flow and recent price rises, so market transactions still fall short of expectations.
On the news front, the Ministry of Finance website shows that, starting from 13:01 on 10 November 2025, the additional tariff measures specified in the “Announcement of the Tariff Commission of the State Council on Imposing Tariffs on Imports Originating from the United States” (Tariff Commission Announcement 2025 No. 4) will be adjusted: the 24% tariff rate on U.S. goods will continue to be suspended for one year, while the 10% tariff rate will be retained. Starting from 13:01 on 10 November 2025, the additional tariff measures specified in the “Announcement of the Tariff Commission of the State Council on Imposing Tariffs on Certain Imports Originating from the United States” (Tariff Commission Announcement 2025 No. 2) will cease to be implemented.
Price of rare earth products on November 6, 2025
Neodymium oxide picture
