Neo Performance Materials Commissions Rare Earth Extraction Line in Estonia, Strengthening European Supply Chain

[SMM Rare Earth News Flash] According to data released by CAAM, China's automobile production in March 2026 reached 2.917 million units, of which NEV production was 1.231 million units and internal combustion engine vehicles 1.686 million units. According to the SMM end-use demand model, NdFeB consumption from NEVs in March 2026 was 5,260.8 mt, and NdFeB consumption from internal combustion engine vehicles was 534.2 mt. Both NdFeB consumption from NEVs and internal combustion engine vehicles increased YoY and MoM.

[SMM Rare Earth News Flash] Zhong Ke San Huan, a leading enterprise in rare earth permanent magnets, successfully developed ultra-high performance sintered NdFeB permanent magnets. According to authoritative detection by the National Institute of Metrology of China, the magnet achieved a remanence (Br) of 15.32 kGs at room temperature, an intrinsic coercivity (HcJ) of 17.89 kOe, and a BH max of 56.8 MGOe, making it the rare earth permanent magnet with the highest coercivity among all publicly reported ultra-high remanence magnet systems worldwide. The R&D team achieved a major breakthrough in the comprehensive performance of the magnet without excessive reliance on heavy rare earth elements such as dysprosium and terbium.

[SMM Rare Earth Weekly Review: Rare Earth Prices Rose Overall This Week, Market Trading Remained Stagnant] Pr-Nd oxide market prices continued to rise overall. Affected by futures price fluctuations, speculative news, and the superimposed impact of some upstream separation enterprises suspending production, suppliers continuously raised their quotations. Low-priced supplies tightened rapidly, and Pr-Nd oxide prices rose to 755,000-760,000 yuan/mt during the week.