CITIC Securities said China-EU trade talks signalled a positive backdrop as monthly exports of rare-earth permanent magnets hit a year-to-date high. With Q4 seasonal demand and rising use in humanoid robots and other emerging applications, the firm said supply rigidity and strengthening demand elasticity could persist and it continues to recommend strategic exposure to the rare-earth supply chain.

CNBC reports OpenAI is nearing a pre-IPO bridge round seeking a $1.25tn pre-money valuation and up to $30bn, with UAE investors and Coatue co-leading. The company told investors it aims to sign agreements by the end of next week, though final size remains undecided. CFO Sarah Friar has informed employees OpenAI may IPO in 2027. OpenAI is also negotiating a commercial deal to secure additional compute capacity from the UAE.

中國地震臺網正式測定：10月22日23時52分在青海玉樹州雜多縣（北緯32.51度，東經93.99度）發生3.5級地震，震源深度10千米。