China Rare Earth Industry Association Reports Index at 256.3 as Dysprosium Rises and Ex-China Premiums Persist

Highlights

• China's Rare Earth Industry Association reported a price index of 256.3 on November 2, 2026, down 0.77% from October 28.
• Ex-China dysprosium oxide is assessed at $2,500–$5,500/kg versus China's $212–$218/kg, exposing a massive pricing divide for Western buyers.
• Terbium oxide ex-China trades at $10,000–$13,000/kg compared to China's $945–$954/kg, reflecting constrained non-Chinese supply.
• Government price floors like MP Materials' $110/kg NdPr and Serra Verde's $575/kg dysprosium apply to specific contracts, not the broader market.
• REEx warns that procurement risk must be measured by actual availability, verified origin, and delivered cost—not China's index alone.