What is NdPr oxide and why does it drive magnet prices?

NdPr oxide is the mixed neodymium-praseodymium feedstock that is reduced to metal and alloyed into every sintered NdFeB magnet. Rare earths make up roughly 30% of a sintered NdFeB magnet by weight, so NdPr is usually the largest single cost in the material.

Why are Chinese dysprosium and terbium prices soft if supply is tight?

Export licensing keeps much of China’s heavy rare earth supply inside China, which weighs on domestic prices while overseas buyers pay more and wait longer. For Dy- and Tb-bearing magnets, availability and licence status matter more than the Chinese domestic price.

Does the truce extension mean supply is back to normal?

No. The U.S. says the truce now runs to Jan 10, 2027, but China has not published an extension of its suspension of the October 2025 measures, which formally ends Nov 10. Either way, the April 2025 licensing for seven heavy rare earths and magnets containing them remains in force.

Do Section 301 duties apply to magnets I buy from Radial Magnets?

Duties are paid when magnets enter the United States, based on their country of origin. Parts already in our U.S. inventory are priced landed. Ask us for origin and landed-cost details on any part.

How often is this tracker updated?

At least monthly, and whenever a policy change affects magnet supply. The date at the top shows the last update.

Rare Earth Prices & Export Controls Tracker For Magnet Buyers

Date	NdPr oxide (¥/t)	Dysprosium oxide (¥/t)	Terbium oxide (¥/t)
Oct 22, 2026	733,000	1,410,000	6,350,000
Oct 15, 2026	744,000	1,410,000	6,380,000
Sep 24, 2026	738,000	1,435,000	6,575,000
Sep 17, 2026	729,000	1,445,000	6,625,000
Aug 20, 2026	718,500	1,405,000	—
Jul 2, 2026	752,500	—	—
Jun 11, 2026	691,500	—	—
May 21, 2026	702,500	—	—
Apr 3, 2026	752,500	—	—
Mar 12, 2026	795,000	—	—
Feb 12, 2026	850,000	1,475,000	—
Dec 24, 2025	593,500	1,340,000	6,040,000
Nov 27, 2025	557,000	1,480,000	6,530,000
Aug 21, 2025	632,000	—	—
Aug 7, 2025	523,500	—	—
Jul 17, 2025	477,500	1,685,000	7,180,000
Jan 21, 2025	412,500	1,665,000	5,940,000

Oct 22, 2026

NdPr slips as futures fall; terbium eases

SMM quoted Pr-Nd oxide at ¥732,000–734,000/t, down from ¥743,000–745,000 on Oct 15, as futures weakened and sellers conceded. Terbium oxide fell to ¥6.33–6.37M/t while dysprosium held at ¥1.40–1.42M. NdFeB blank prices edged lower on softer motor-maker demand. SMM

Oct 21, 2026

Washington summit left rare earth licensing untouched

A law-firm review says the Sept 24–26 summit extended the Busan truce to Jan 10, 2027 and created a Board of Trade, but neither side addressed rare earth export licensing. The U.S. said only that both sides keep working on shipment levels, and an extension of the U.S. Affiliates Rule suspension is unconfirmed. Wilson Sonsini

Oct 20, 2026

China’s September magnet exports hit a 2026 high

Customs data show 6,165 t of rare earth magnets shipped in September, up 23% from August and 6.7% year on year. Shipments to the U.S. rose 18% to 604 t and to the EU 20.5% to 2,454 t. Through September, magnet exports are up 20% year to date. SCMP

Oct 14, 2026

China’s September rare earth exports up 6.7% year on year

China shipped 4,270 t of rare earths in September, up from 4,000 t a year earlier but 9.8% below August’s 4,735 t. January–September exports total 43,711 t, down 9.6%. Reuters via Investing.com

Measure	Status	What it means for magnet buyers
China licensing for Sm, Gd, Tb, Dy, Lu, Sc, Y and magnets containing them	In forceApr 2025	Dy/Tb-bearing NdFeB (most high-temperature grades) and SmCo need an export licence. General licences help approved customers; others wait case by case.
China’s October 2025 expansion (MOFCOM Nos. 55–58, 61, 62)	SuspendedSuspended Nov 2025	Would add holmium, erbium, thulium, europium and ytterbium, equipment and technology, plus extraterritorial rules. Suspension runs to Nov 10, 2026; no extension notice had been published as of Oct 19.
China dual-use export ban on 10 U.S. entities, incl. MP Materials and USA Rare Earth	In forceJun 22, 2026	Entity-specific, not a blanket U.S. ban. Signals Beijing will target the companies building non-Chinese supply.
China dual-use controls on Japanese military end users	In forceJan 2026	Tightens one of the few non-Chinese magnet-making supply chains.
U.S. Section 301: +25% on Chinese permanent magnets of metal (HTS 8505.11)	In forceJan 1, 2026	Raises landed cost of Chinese-origin NdFeB and SmCo imports. Ferrite (8505.19) was not part of this action.
Busan truce: reduced U.S. executive tariffs, paused new controls on both sides	ExtendedOct 2025, extended Sep 2026	The U.S. says it now runs to Jan 10, 2027. China’s Sept 28 notice did not mention rare earths, so its October 2025 suspension still formally ends Nov 10. Does not lift the April 2025 licensing.
U.S. DoD price floor for MP Materials NdPr ($110/kg, 10 years)	In placeJul 2025	Supports U.S. NdPr production. China’s domestic NdPr oxide is about $96.5/kg ex-VAT today, below the floor.

Grade family	Heavy rare earths	Supply exposure	Notes
N35–N52 (no suffix)	None	Normal	Cost moves with NdPr. Not export-licensed as a class.
M, H	Low	Watch	May carry small amounts of Dy or Tb depending on the maker, which can bring licensing into play.
SH, UH	Moderate to high	Elevated	Dy/Tb content triggers export licensing. Lead times vary with licence status.
EH, AH	High	Constrained	Most heavy rare earth per kilogram. The tightest supply and widest price swings.
SmCo (1:5 and 2:17)	Samarium	Constrained	Samarium has been licensed since April 2025.
Ferrite, alnico	None	Normal	No rare earths. The fallback where performance allows.

Prices

What changed recently

NdPr slips as futures fall; terbium eases

Washington summit left rare earth licensing untouched

China’s September magnet exports hit a 2026 high

China’s September rare earth exports up 6.7% year on year

Export controls and tariffs

Dates to watch

Which magnets are exposed

What to do now

Find your licensed parts

Check whether the grade is really needed

Cover near-term needs from U.S. stock

Price 2027 before the January deadline

Get origin paperwork in order

Qualify a second source for critical parts

Take the volatility off your schedule

Questions

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Rare Earth Market & Sourcing Tracker

Prices

What changed recently

NdPr slips as futures fall; terbium eases

Washington summit left rare earth licensing untouched

China’s September magnet exports hit a 2026 high

China’s September rare earth exports up 6.7% year on year

Export controls and tariffs

Dates to watch

Which magnets are exposed

What to do now

Find your licensed parts

Check whether the grade is really needed

Cover near-term needs from U.S. stock

Price 2027 before the January deadline

Get origin paperwork in order

Qualify a second source for critical parts

Take the volatility off your schedule

Questions

Related guides