Rare earth market update on November 5, 2025
The domestic rare earth market remains in a sideways range, with bulls and bears locked in fierce price tug-of-war. Product prices show no clear move and new orders grow slowly. Today, praseodymium-neodymium oxide, gadolinium oxide and holmium oxide trade at approximately RMB 545,000 per ton, RMB 162,000 per ton and RMB 502,000 per ton, respectively.
Three bullish factors stand out: China’s one-year suspension of rare-earth export controls will boost export volume; October’s sharp price drop has lifted downstream buyers’ dip-buying enthusiasm; and the strong growth of new-energy vehicles, robotics and smart appliances is expected to drive demand for functional rare-earth materials.
Two bearish pressures weigh in: recent price gains have lowered downstream acceptance of high quotes; and with weak expectations for the market outlook, buyers remain highly cautious.
China Rare Earth posted Q1–Q3 2025 revenue of RMB 2.494 billion, up 27.73% year-on-year; net profit attributable to shareholders RMB 192 million, up 194.67% year-on-year; non-recurring-adjusted profit RMB 184 million, up 186.01% year-on-year; net operating cash flow RMB 118 million, up 119.91% year-on-year; basic earnings per share RMB 0.1811, up 194.67% year-on-year; and total assets at period-end RMB 5.823 billion, up 6.16% year-on-year.
Price of rare earth products on November 5, 2025
Neodymium oxide picture
