稀土，提价！

Core Viewpoint - The significant increase in rare earth prices has been announced by Baotou Steel and Northern Rare Earth, with the price for the fourth quarter of 2025 set at 26,205 yuan per ton, reflecting a 37% increase from the previous quarter's price of 19,109 yuan per ton [1][5][7]. Price Adjustments - Baotou Steel announced a price adjustment for rare earth concentrate to 26,205 yuan per ton (excluding tax) for Q4 2025, with a price change of 524.10 yuan per ton for every 1% change in REO content [1][5]. - The price for Q3 2025 was previously set at 19,109 yuan per ton, indicating a substantial increase in pricing trends throughout 2024 and 2025 [7][8]. Export Control Measures - On October 9, the Ministry of Commerce announced new export controls on rare earth-related items and technologies, emphasizing the dual-use nature of these materials and their potential military applications [9][10]. - The export control measures are aimed at protecting national security and interests, with specific exemptions for humanitarian aid and emergency medical supplies [10][11].