Rare Earth Market - October 15, 2026

Rare earth market update on October 15, 2026

China’s rare earth market is operating steadily and relatively weak, mainstream product prices prices have shown no obvious changes for the time being, traders' operation mood is low, and actual transaction rhythm is slow.

Today, the prices of praseodymium oxide, gadolinium oxide and dysprosium iron alloy are hovering around 775,000 RMB/ton, 203,000 RMB/ton and 1,370,000 RMB/ton respectively.

From the supply side, affected by rare earth mining and smelting indicators control, large production costs, and intensified environmental rectification, some rare earth production enterprises have limited capacity release, but due to long-term under-expectation of downstream demand, raw material spot supply is still relatively sufficient. From the demand side, due to larger capital pressure in magnetic material enterprises, coupled with limited increment in terminal orders, the market mostly purchases on demand, and industry insiders have insufficient confidence in short-term price rebound; in the long term, the development prospects in new energy and high-end equipment fields are good, providing long-term support for rare earth demand.

News: JL MAG is expected to achieve a net profit attributable to the parent company of 735 million RMB to 800 million RMB in the first three quarters of 2026, a year-on-year growth of 42.59% to 55.20%; the net profit attributable to the parent company after deducting non-recurring items is expected to be 659 million RMB to 724 million RMB, a year-on-year growth of 53.22% to 68.33%.

Price of rare earth products on October 15, 2026

Images of neodymium oxide

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