Rare Earth & Critical Mineral Prices
Monthly rare earth and critical mineral prices in US dollars, side by side for China and outside China: NdPr, dysprosium, terbium, yttrium, samarium, gadolinium, holmium, germanium, gallium, antimony, cobalt and uranium.
October 2026 prices · Updated Oct 17, 2026
Rare Earth Prices
US dollars per kg · October 2026
| Product & grade | China | Outside China | Gap | Change |
|---|---|---|---|---|
NdPr oxide Purity 99.5%+, Nd:Pr about 75:25 | $103–106 /kg | $125–140 /kg | +27% | New |
NdPr metal Standard Nd:Pr mix | Not tracked | $175–250 /kg | — | New |
Dysprosium oxide* Purity 99.9%+ | $196–201 /kg | $2,500–5,500 /kg | +1,915% | New |
Dysprosium metal Purity 99%+ | $249–251 /kg | No reliable quote this month | — | New |
Terbium oxide** Purity 99.9%+ | $896–904 /kg | $10,000–13,000 /kg | +1,178% | New |
Terbium metal Purity 99%+ | $1,118–1,132 /kg | No reliable quote this month | — | New |
Yttrium oxide Purity 99.99%+ | $8.17–8.73 /kg | $1,100+ /kg Lowest reported price | +12,918%+ | New |
Yttrium metal Purity 99.9%+ | $35.49–38.31 /kg | $4,000+ /kg Lowest reported price | +10,740%+ | New |
Samarium oxide Purity 99.5%+ | $22.96–25.77 /kg | $100–1,000+ /kg Few reports, wide range | +2,157%+ | New |
Samarium metal Purity 99%+ | Not tracked | $2,000–2,200 /kg | — | New |
Gadolinium oxide Purity 99%+ | $25.32–28.14 /kg | $2,500–3,400 /kg | +10,936% | New |
Holmium oxide Purity 99.5%+ | $89.77–92.59 /kg | No reliable quote this month | — | New |
Holmium-iron alloy 80% holmium, rest iron | $90.23–93.04 /kg | No reliable quote this month | — | New |
* Price floor of $575/kg set for Serra Verde dysprosium oxide under an agreement between USA Rare Earth and the US government.
** Price floor of $2,050/kg set for Serra Verde terbium oxide under an agreement between USA Rare Earth and the US government.
Critical Mineral Prices
US dollars per kg unless noted · October 2026
| Product & grade | China | Outside China | Gap | Change |
|---|---|---|---|---|
Germanium ingot 99.999% (5N) | $3,838 /kg | $17,000–20,000 /kg Rotterdam | +382% | New |
Gallium metal 99.99% (4N) | $245 /kg | $1,800+ /kg Western markets · lowest reported price | +635%+ | New |
Antimony ingot Purity 99.65%+ | $13,660–14,370 /t Shanghai | $22,410–24,500 /t In warehouse, Rotterdam · Baltimore: $24,690–29,700 | +67% | New |
Cobalt metal Purity 99.8% | $35.21–37.61 /kg | $38.91 /kg LME cash price · Rotterdam warehouse: $39.13 | +6.9% | New |
Uranium concentrate U3O8 (yellowcake) | Not tracked | $80–85 /lb Global spot | — | New |
Prices are REEx assessments of prevailing market value for the stated month, not executable quotations or forecasts. REEx prices are for information, not investment advice, an offer to trade or a guarantee of supply.
The Biggest Price Gaps This Month
How much higher the outside-China midpoint is than the China midpoint, as a percentage. Delivery terms differ between the two markets, so this is a cross-market price gap, not an exact origin premium.
October 2026 Prices by Material
NdPr oxide price
In October 2026, NdPr oxide (purity 99.5%+, Nd:Pr about 75:25) was $103–106 per kg in China and $125–140 per kg outside China. The outside-China midpoint was above the China midpoint by about 27%.
NdPr metal price
In October 2026, NdPr metal (standard Nd:Pr mix) was $175–250 per kg outside China. REEx does not track a China price for it.
Dysprosium oxide price
In October 2026, dysprosium oxide (purity 99.9%+) was $196–201 per kg in China and $2,500–5,500 per kg outside China. The outside-China midpoint was above the China midpoint by about 1,915%. Note: Price floor of $575/kg set for Serra Verde dysprosium oxide under an agreement between USA Rare Earth and the US government.
Dysprosium metal price
In October 2026, dysprosium metal (purity 99%+) was $249–251 per kg in China. There was no reliable outside-China quote this month.
Terbium oxide price
In October 2026, terbium oxide (purity 99.9%+) was $896–904 per kg in China and $10,000–13,000 per kg outside China. The outside-China midpoint was above the China midpoint by about 1,178%. Note: Price floor of $2,050/kg set for Serra Verde terbium oxide under an agreement between USA Rare Earth and the US government.
Terbium metal price
In October 2026, terbium metal (purity 99%+) was $1,118–1,132 per kg in China. There was no reliable outside-China quote this month.
Yttrium oxide price
In October 2026, yttrium oxide (purity 99.99%+) was $8.17–8.73 per kg in China and $1,100+ per kg outside China. The outside-China midpoint was above the China midpoint by at least 12,918%.
Yttrium metal price
In October 2026, yttrium metal (purity 99.9%+) was $35.49–38.31 per kg in China and $4,000+ per kg outside China. The outside-China midpoint was above the China midpoint by at least 10,740%.
Samarium oxide price
In October 2026, samarium oxide (purity 99.5%+) was $22.96–25.77 per kg in China and $100–1,000+ per kg outside China. The outside-China midpoint was above the China midpoint by at least 2,157%.
Samarium metal price
In October 2026, samarium metal (purity 99%+) was $2,000–2,200 per kg outside China. REEx does not track a China price for it.
Gadolinium oxide price
In October 2026, gadolinium oxide (purity 99%+) was $25.32–28.14 per kg in China and $2,500–3,400 per kg outside China. The outside-China midpoint was above the China midpoint by about 10,936%.
Holmium oxide price
In October 2026, holmium oxide (purity 99.5%+) was $89.77–92.59 per kg in China. There was no reliable outside-China quote this month.
Holmium-iron alloy price
In October 2026, holmium-iron alloy (80% holmium, rest iron) was $90.23–93.04 per kg in China. There was no reliable outside-China quote this month.
Germanium ingot price
In October 2026, germanium ingot was $3,838 per kg in China and $17,000–20,000 per kg outside China (Rotterdam). The outside-China midpoint was above the China midpoint by about 382%.
Gallium metal price
In October 2026, gallium metal was $245 per kg in China and $1,800+ per kg outside China. The outside-China midpoint was above the China midpoint by at least 635%.
Antimony ingot price
In October 2026, antimony ingot (purity 99.65%+) was $13,660–14,370 per tonne in China (Shanghai) and $22,410–24,500 per tonne outside China (In warehouse, Rotterdam). The outside-China midpoint was above the China midpoint by about 67%.
Cobalt metal price
In October 2026, cobalt metal (purity 99.8%) was $35.21–37.61 per kg in China and $38.91 per kg outside China (LME cash price). The outside-China midpoint was above the China midpoint by about 6.9%.
Uranium concentrate price
In October 2026, uranium concentrate was $80–85 per pound outside China (Global spot). REEx does not track a China price for it.
Where the Numbers Come From
The REEx Price Panel. Traders, buyers, miners, refiners, OEMs and magnet producers who share completed trades, firm bids and offers, and market indications in confidence.
Company disclosures. Realized selling prices and other public disclosures, used to corroborate or challenge panel evidence.
Official trade data. Customs statistics, used as supporting evidence rather than as current spot prices.
How REEx Assesses Prices
REEx publishes monthly price ranges to support procurement and market analysis. Each range represents prevailing market value during the stated month for a defined product, origin, delivery basis and Transaction Size.
- We collect evidence from traders, buyers, producers, processors, OEMs and magnet makers, and check it against company disclosures and trade data.
- China means final production in mainland China. Outside China means final production elsewhere.
- Unless a row states otherwise, China prices are EXW at the producing plant, excluding VAT. Outside-China prices are CIF Rotterdam, excluding import duties and taxes.
- China prices are converted to US dollars at one exchange rate for the month.
- The gap is the percentage difference between the outside-China and China midpoints. Delivery terms differ between the two markets, so it is a cross-market price gap, not an exact origin premium.
- A second team member reviews every range and its rationale before publication.
- Verified errors are corrected openly, with a record of the change.
Prices are assessments, not executable quotations or forecasts. REEx prices are for information, not investment advice, an offer to trade or a guarantee of supply.
Rare Earth Price Questions
Why are rare earth prices shown as ranges?
Most rare earths are not traded on an exchange. They are sold in private contracts where price depends on purity, quantity, origin, delivery and payment terms. A range shows the representative market value supported by the evidence for that month, rather than implying a single quoted price.
What does “Purity 99%+” mean?
It means the product is at least 99% pure. For rare earth oxides, the percentage applies to both the total rare earth oxide (TREO) content of the product and the named oxide’s share of that TREO. Higher purity sells for more. Labels like 4N (99.99%) and 5N (99.999%) are industry shorthand for the number of nines.
Why do China and outside-China prices differ?
China dominates rare earth separation and refining and controls exports, and material produced outside China serves buyers who need supply outside those controls. The two markets also use different delivery terms, so REEx reports the difference as a price gap.
How is the price gap calculated?
Gap (%) = 100 × (outside-China midpoint ÷ China midpoint − 1). The midpoint is the centre of each range. For example, dysprosium oxide at $196–201/kg in China (midpoint $198.50) and $2,500–5,500/kg outside China (midpoint $4,000) gives a gap of about +1,915%. Because delivery terms differ, treat the gap as a guide, not an exact origin premium.
What is NdPr oxide?
NdPr oxide is a mixed oxide of neodymium and praseodymium, usually in a 75:25 ratio. It is the main raw material for NdFeB permanent magnets used in electric vehicles, wind turbines, defense systems and electronics.
Why does REEx track antimony, gallium, germanium and tungsten?
China has placed export controls on all four, which has split each market into China and outside-China prices and made reliable reference prices harder to find. Tungsten and scandium prices are coming soon.
How often are these prices updated?
Monthly. The month the prices cover is shown at the top of the page. From the second month on, each price also shows how much it moved since the month before.
CONTRIBUTE TO THIS PAGE
Do You Buy or Sell Rare Earth Oxides?
Join the REEx Price Panel. Share what you’re seeing in the market, confidentially, and help bring clearer pricing to an opaque industry.
Submissions are never published individually or attributed to your company.
