Quarterly rare earths market update – October 2025

Ellie Saklatvala, Senior Editor - Nonferrous Metals, provides an overview of the rare earths market with key updates on neodymium, praseodymium, dysprosium, terbium and more, including:

• Nd, Pr: July/August price rally now unravelling?
• China domestic Dy and Tb prices relatively steady in recent months
• Outside China… very high spot prices for the restricted HREs
• Early October: more China export controls bring fresh turmoil