Rare earth market update on October 17, 2025
This week, the domestic rare earth market is under overall pressure, with a mix of bullish and bearish factors leading to divergent price trends among mainstream light and heavy rare earth products: praseodymium-neodymium prices continue to decline steadily, while dysprosium-terbium prices oscillate within a narrow range. On the positive side, strong production cost support and rapid development in rare earth downstream industries provide suppliers with the confidence to hold back stock and maintain prices; additionally, the Ministry of Commerce recently issued four announcements related to rare earth export controls, further highlighting the strategic value of rare earth resources, which may boost some traders' confidence in supporting the market. On the negative side, the ongoing decline in praseodymium-neodymium raw material prices has intensified the market's "buy on rise, not on fall" wait-and-see attitude, with weak demand follow-through; moreover, to alleviate tight funding, some suppliers have a stronger willingness to actively reduce prices for shipments, which is unfavorable for market warming.
According to CTIA GROUP LTD Online, this week the price of praseodymium-neodymium oxide decreased by approximately RMB 40,000 per ton, a drop of 7.14%; the price of praseodymium-neodymium metal decreased by approximately RMB 55,000 per ton, a drop of 7.97%; the price of terbium oxide decreased by approximately RMB 100,000 per ton, a drop of 1.41%; the price of dysprosium oxide increased by approximately RMB 20,000 per ton, a rise of 1.26%; the price of 55N neodymium-iron-boron blanks decreased by approximately RMB 7 per kilogram, a drop of 2.59%; and the price of neodymium-iron-boron scrap (praseodymium-neodymium) decreased by approximately RMB 40 per kilogram, a drop of 6.84%. This indicates that the price decline for praseodymium-neodymium this week was significantly greater than that for terbium, and under the backdrop of continuously falling raw material prices, the prices of rare earth permanent magnet materials and their scrap have also declined.
According to the Jiangxi Provincial Development and Reform Commission website, in September 2025, the average selling prices of high-yttrium oxide (rare earth) and medium-europium yttrium compound (rare earth) in Ganzhou were RMB 220,000 per ton and RMB 200,000 per ton, respectively, increased by 7.32% and 6.38% month-on-month, with slight increases of 2.80% and 7.53% year-on-year, respectively. During the same period, the average selling price of tungsten concentrate in Ganzhou was RMB 285,000 per ton, increased by 46.91% month-on-month, increased by 105.04% year-on-year.
Price of rare earth products on October 17, 2025
Erbium oxide picture
