USA Rare Earth to Start Commercial Magnet Shipments in April, Aiming for 1,200 mt Annual Capacity by 2027

Published: Apr 1, 2026 15:02

Save

USA Rare Earth will begin commercial shipments of magnets in April. According to a company statement, the first rare earth magnet production line at its Stillwater, Oklahoma facility has been put into operation and is expected to reach full capacity of 600 mt per year by month-end December. In January this year, USA Rare Earth signed a non-binding agreement with the US Department of Commerce and planned to receive $1.6 billion in funding support to build a mine, thereby providing raw material for its magnet production. USA Rare Earth said that by 2027, the capacity of its Oklahoma magnet plant should reach 1,200 mt per year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors

[SMM Rare Earth Flash] Affected by multiple factors, Pr-Nd oxide prices and Pr-Nd alloy prices surged sharply today. Pr-Nd oxide closed at 750,000-755,000 yuan, up 27,500 yuan/mt from the previous day, while Pr-Nd alloy closed at 900,000-920,000 yuan/mt, up 22,500 yuan/mt from the previous day. As of now, SMM had not learned of any transactions concluded at these prices and would continue to follow up on frontline market conditions.

Common.Time.hoursAgo

Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions

[SMM Rare Earth Price Flash] As of now, driven by the rise in futures prices, neodymium praseodymium oxide has seen small-volume transactions by some traders at 730,000-740,000 yuan/mt. Driven by rising raw material prices, coupled with tender procurement of Pr-Nd alloy by major magnetic material plants, metal quotations were also raised to 900,000 yuan/mt, with actual transactions following up. The latest market quotation for gadolinium oxide was 230,000 yuan/mt, and quotations for gadolinium iron were also raised to 215,000-220,000 yuan/mt, driven by downstream tender procurement.

Common.Time.hoursAgo

Apr 2, 2026 16:11

Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases] The Pr-Nd oxide market as a whole continued to hold up well. Under the impact of expectations of tighter supply and pronounced fluctuations in futures prices, upstream suppliers kept raising their offers, while low-priced cargoes tightened rapidly, pushing Pr-Nd oxide prices up to 722,000-728,000 yuan/mt.

Apr 2, 2026 16:11