REalloys and JS Link Explore Partnership for Rare Earth Magnet Manufacturing in North America

[SMM Rare Earth Daily Review: Rare earth prices stable; terbium price sharply raised, divergence among varieties] Overall, although trading activity in the market declined, supported by bullish sentiment, suppliers' quotations did not show significant fluctuations, and rare earth market prices remained generally stable. However, prices of terbium and holmium products were raised due to the tightening of low-priced supply. It is expected that in the short term, supported by bullish market sentiment, Pr-Nd product prices may drift higher amid consolidation.

[SMM Rare Earth Flash] London-listed critical minerals company NeoTerra Group announced that its Monte Muambe project in Mozambique has made a breakthrough in metallurgical testing, confirming a multi-commodity process route capable of simultaneous production of acid-grade fluorite, separated heavy rare earths, and gallium-containing material. In two-stage flotation tests, gallium was enriched approximately 100% in the first-stage tailings. The project holds a 25-year mining license, and JORC resources include 13.6 million mt (TREO grade 2.42%), 3.48 million mt (CaF₂ grade 20.6%), and 11.73 million mt (Ga₂O₃ grade 54.7 g/mt).

[Pr-Nd prices continued to rise, and terbium and holmium supply tightening drove medium-heavy rare earth to strengthen] Yesterday, scrap market prices continued to rise. Affected by the continuous increase in oxide offer prices, recycling enterprises raised their external procurement quotes accordingly. However, suppliers were rather wait-and-see about selling, and recycling enterprises maintained just-in-time procurement, resulting in limited actual transactions.