China Rare Earth Industry Association Reports Price Index as Heavy Rare Earth Premiums Widen

Highlights

• China's CREIA October 13 price index stands at 263.9, with 2010 as the base year of 100, masking deep strategic market tensions.
• Dysprosium trades near $3,250–3,500/kg outside China versus $209–215/kg domestically, exposing a dramatic export-control-driven price gap.
• Terbium, yttrium, and samarium show similarly extreme premiums in Western markets due to Beijing's April 2025 export licensing requirements.
• Western rare earth trades are sporadic and bilateral, not deep spot markets, making ex-China prices indicators of scarcity rather than true benchmarks.
• Contractual floors like MP Materials' $110/kg NdPr and Serra Verde's dysprosium terms are bespoke deals, not universal Western market prices.