Shenghe Resources' Ngualla Rare Earth Mine Project Proves 18.5 Million mt of Rare Earth Reserves

The US Department of Defense awarded $2 million to ReElement Technologies to help expand its rare earth element separation capacity at its Marion, Indiana plant. The two-year grant, although awarded on September 3, was delayed due to the federal government shutdown at the end of 2025 and was only announced this week. The move by the US Department of Defense aims to strengthen the US's access to raw materials produced domestically and by allies, reducing reliance on China-dominated supply chains. The funds will be invested in ore processing, magnet recycling, and scrap processing.

Brazil and India announced that the two countries intend to cooperate in the fields of critical minerals and rare earths based on a bilateral agreement signed on February 21. Both sides will work to promote the development of their respective critical minerals and rare earth industries and exchange technologies to strengthen mineral extraction. The President of Brazil pointed out that increasing investment and cooperation in renewable energy and critical minerals is the core focus of this agreement. The Prime Minister of India further added that this agreement is a key measure to build a "resilient supply chain."

Driven by sustained price increases in the domestic Chinese market, the entire rare earth supply chain is experiencing upward pressure across the board. Post-holiday FOB prices have been adjusted as follows: Praseodymium Oxide: USD 143-147/kg​ Neodymium Oxide: USD 172-202/kg​ Dysprosium Oxide: USD 302-352/kg​ Terbium Oxide: USD 1,147-1,237/kg​ Currently, export availability from China has further tightened, placing overseas buyers under mounting pressure.