Rare earth market update on November 24, 2025
On Monday, the domestic rare earth market performed poorly overall. In addition to low actual transaction volumes, mainstream product prices also declined to varying degrees, with praseodymium-neodymium oxide, praseodymium-neodymium metal, terbium oxide, and dysprosium oxide prices decreasing by approximately RMB 7,000/ton, RMB 5,000/ton, RMB 10,000/ton, and RMB 30,000/ton respectively. It is understood that the main reasons for the unstable price performance are: first, downstream users generally exhibit strong reluctance to buy at high prices, with procurement limited primarily to rigid demand; second, many suppliers show a strong willingness to reduce prices and sell, and the supply-side practice of offering concessions has further intensified downward pressure on prices.
In terms of news, customs data show that from January to October 2025, China’s cumulative rare earth imports totaled 85,890.3 tons, decreased by 23.3% year-on-year, with cumulative import value of RMB 10.34 billion, increased by 7.9% year-on-year; cumulative rare earth exports reached 52,699.2 tons, increased by 10.5% year-on-year, while cumulative export value was RMB 2.86 billion, decreased by 2.2% year-on-year. Among these figures, in October alone, China’s rare earth imports were 6,991.0 tons, increased by 1.84% month-on-month but decreased by 26.19% year-on-year, with import value of RMB 900 million, decreased by 10.00% month-on-month but increased by 5.88% year-on-year; rare earth exports amounted to 4,343.5 tons, increased by 8.58% month-on-month but decreased by 8.62% year-on-year, and export value reached RMB 400 million, decreased by 6.98% month-on-month yet increased by 42.86% year-on-year.
Price of rare earth products on November 24, 2025
Images of neodymium oxide
