China Pricing Index at 258.3 as Dysprosium Gains and Terbium Slips

Highlights

• China's Rare Earth Industry Association reported a price index of 258.3 on October 28, with dysprosium oxide rising while terbium and neodymium-rich mixed oxide declined.
• Ex-China dysprosium oxide is assessed at $2,500–$5,500/kg versus $210–$216/kg domestically in China, reflecting severe supply constraints outside China.
• Terbium oxide ex-China is assessed at $10,000–$13,000/kg, compared to roughly $946–$955/kg in China, highlighting the two-market pricing gap.
• Pentagon price floors for NdPr, dysprosium, and terbium apply only to specific government offtake agreements and do not represent industrywide benchmarks.
• Buyers are cautioned that quoted prices do not guarantee deliverable material, and securing supply may matter more than the listed price.