Rare Element Resources Advances Pr-Nd Oxide Plant, Targets Full Operation by Late 2026

[SMM Rare Earth Express] Affected by the sharp rise in raw material prices today, some magnetic material factories suspended quotations, waiting for prices to stabilize before quoting based on market conditions. As of 12 p.m. today, SMM Pr-Nd oxide closed at 720,000-725,000 yuan/mt, up 20,000 yuan/mt from yesterday. SMM Pr-Nd alloy closed at 875,000-885,000 yuan/mt, up 27,500 yuan/mt from yesterday. The prices of terbium and dysprosium were also raised, with the increase ranging from 10 to 40 yuan/kg.

[SMM Rare Earth Overseas] As of 12:00 a.m. today, FOB neodymium oxide was quoted at $160-192/kg, FOB praseodymium oxide at $125-129/kg, FOB terbium oxide at $1,153-1,241/kg, and FOB dysprosium oxide at $274-328/kg. FOB terbium metal was quoted at $1,441-1,525/kg. The across-the-board rise in rare earth prices this round was mainly driven by domestic price increases in China, with heavy rare earth posting particularly notable gains, and dysprosium and terbium each rising $20-50/kg. Overseas inquiry frequency increased significantly this week, but short-term spot transactions remained difficult due to controls and approval cycle constraints.

Recently, the U.S. House of Representatives passed the H.R.7037 bill, known as the Developing Overseas Mineral Investments and New Allied Networks for Critical Energies Act (DOMINANCE ACT, referred to as the "Domination Act"). The bill was jointly introduced by California Representatives Ami Bera and Young Kim, aiming to strengthen U.S. energy security and build a more resilient supply chain with trusted allies and partners.