MOFCOM Announcement No. 61 of 2025: Announcement of the Decision to Implement Export Controls on Relevant Rare Earth Items from Overseas

[Issuing Unit] National Security and Control Bureau

[Issuing Document Number] MOFCOM Announcement No. 61 of 2025

[Issuing Date] October 9, 2025

According to a Reuters report on September 25, 2025, multiple informed sources revealed that Group of Seven (G7) member countries and the European Union are considering setting price floors for rare earths to promote production, and plan to introduce taxation on certain Chinese rare earth products to incentivize investment in the sector.

Recently, the Baotou Industry and Information Technology Bureau reported that from January to August 2025, the added value of industries above the designated size in Baotou increased by 10.4% year-on-year, surpassing the national average (6.2%) and the regional average (5.9%) by 4.2 and 4.5 percentage points, respectively, achieving double-digit growth for 60 consecutive months. Among these, the added value of Baotou's rare earth industry increased by 18.8% year-on-year.

I. Analysis of China Rare Earth Price Trends for September 2025

According to CTIA GROUP LTD Online, mainstream light and heavy rare earth products price trends in China for September 2025 showed pergence: praseodymium-neodymium prices experienced a gradual decline, while dysprosium-terbium prices rose initially and then fell, with end-of-month prices slightly lower than those at the beginning of the month.

Rare earth market update on September 29, 2025

The domestic rare earth market overall maintains stable operations, with traders largely adhering to rigid transactions, keeping product prices within a reasonable range.

Rare earth market update on September 28, 2025

The domestic rare earth market overall maintains a stalemate, with a relatively balanced supply-demand relationship leading to a subdued trading atmosphere and no significant changes in product prices.

Rare earth market update on September 26, 2025

This week, the domestic rare earth market overall exhibited a weak performance trend, with mainstream light and heavy rare earth product prices declining to varying degrees amid low enthusiasm for inquiries and purchases from downstream users and slightly insufficient confidence in price stability among suppliers.

Rare earth market update on September 25, 2025

The domestic rare earth market overall continues to operate in a weak state, primarily characterized by differentiated price declines across numerous products, low enthusiasm among traders for market engagement, and limited actual transaction volumes. 

Rare earth market update on September 24, 2025

The overall performance of the domestic rare earth market is moderate, with a somewhat stagnant negotiation atmosphere between suppliers (with low willingness to reduce prices) and buyers (with limited consumption capacity), and no major news releases in the market, resulting in product prices fluctuating within a narrow range and limited actual transaction volumes.

The recent China Rare Earth Investor Relations Activity Record indicates the company's outlook on the future rare earth price trends: Rare earth product prices are influenced by supply and demand dynamics and have remained in a fluctuating state.Since the third quarter of last year, the company has maintained a cautiously optimistic and positive attitude toward the medium- to long-term rare earth price trends. This year, rare earth product prices have overall shown a bottoming-out and upward trend, though the magnitude of increases varies across different varieties, aligning with the company's predictions. China Rare Earth believes that as the application scope of downstream end markets expands, the growing demand for rare earths in industries such as humanoid robots and low-altitude economy will further highlight the value of rare earth products. Meanwhile, the successive issuance and implementation of the "Rare Earth Management Regulations" and related detailed rules will help regulate industry development order and promote high-quality industry growth. Therefore, China Rare Earth predicts that rare earth product prices will maintain a steady upward trend.