USA Rare Earth Acquires Serra Verde for $2.8B, Boosting Rare Earth Oxide Capacity to 17,100 mt/Year

China Northern Rare Earth (600111.SH) announced that it achieved revenue of 11.859 billion yuan in Q1 2026, up 27.69% YoY, and net profit attributable to shareholders of the publicly listed firm was 918 million yuan, up 113.12% YoY. The performance change was mainly due to the fact that during the reporting period, the average Q1 prices of the company's major rare earth products, represented by Pr-Nd products, increased YoY, leading to a YoY increase in gross profit.

As the core of the global magnet supply chain, China's export data reflects geopolitical shifts. From 2022 to 2025, export volumes tracked the move from decoupling to export controls. Now in 2026, changing geopolitics is driving a new export cycle.

[SMM Rare Earth News] US critical minerals developer Critical Metals (CRML.US) signed a letter of intent on April 27 to acquire Australian Lithium (European Lithium) in an all-stock transaction valued at approximately $835 million. European Lithium held the remaining 7.5% equity in the Tanbreez project, and upon completion of the transaction, Critical Metals will obtain 100% control of the project. The project is one of the largest known rare earth deposits in the world, with total rare earth oxides of 28.2 million mt, containing over 27% heavy rare earth.