VHM Approves Full-Scale Development of Goschen Rare Earth Project in Victoria, Aiming for 5Mmt Annual Capacity

[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.

[SMM Rare Earth News Flash] Australian company Lindian Resources raised approximately AUD 100 million through a placement to institutional investors and a strategic critical minerals fund. The proceeds will be used to advance the Kangankunde rare earth project in Malawi and complete the integration of the Sareco mixed rare earth carbonate plant in Kazakhstan. The company acquired a 51% controlling stake in the Sareco plant earlier this year, retaining exclusive sales rights, with the aim of building a vertically integrated rare earth platform. Both the Kangankunde rare earth project and the Sareco plant plan to commence production in Q4 this year.