Rare earth market update on November 7, 2025
This week, domestic rare earth prices overall showed a pattern of rising first and then stabilizing. At the beginning of the week, mainstream rare earth product prices continued the rebound seen at the end of October, mainly due to the continuous release of positive market news and increased enthusiasm among downstream users to buy on dips. Approaching the weekend, the slowing pace of downstream demand follow-through and the weakening of bullish support strength caused suppliers to face significant resistance in raising prices again.
According to information from CTIA, this week:
praseodymium-neodymium oxide prices fell by approximately RMB 2,000 per ton, a decrease of 0.37%; praseodymium-neodymium metal prices rose by approximately RMB 3,000 per ton, an increase of 0.45%; terbium oxide prices rose by approximately RMB 50,000 per ton, an increase of 0.76%; dysprosium oxide prices rose by approximately RMB 10,000 per ton, an increase of 0.63%; 55N NdFeB blank prices rose by approximately RMB 7 per kilogram, an increase of 2.79%; NdFeB scrap (praseodymium-neodymium) prices rose by approximately RMB 25 per kilogram, an increase of 4.55%. It can be seen that raw material prices fluctuated only slightly this week, while rare earth permanent-magnet materials and their scrap recorded relatively large increases.
On the news front, at the routine press conference held by the Ministry of Commerce on November 6, a reporter asked:
The White House report released on November 1 mentioned that China will issue general export licences for certain Rare earth elements. Observers have noted that this wording appears to differ from the press release issued by China’s Ministry of Commerce, which only mentioned the export-control measures announced on October 9. What is China’s comment on this?
MOFCOM spokesperson He Yadong responded:
Rare earth and related items have obvious dual-use (civilian-military) attributes. China conducts licence reviews in strict accordance with laws and regulations and grants licences to applications that meet the requirements.
China has repeatedly stressed its willingness to strengthen communication and cooperation with all parties, to continuously optimise licensing procedures, and to actively apply general licences and other facilitation measures so as to promote compliant trade in controlled items and safeguard the security and stability of global industrial and supply chains.
Price of rare earth products on November 7, 2025
Neodymium oxide picture
