Critical Metals Secures $30M for Greenland Rare Earth Project Amid Global Supply Chain Shift

Influenced by multiple factors, as of 5:00 PM today, the spot price of Pr-Nd oxide was quoted at 765,000-770,000 yuan/mt, up approximately 5,000 yuan/mt from the 11:00 AM quote. The spot price of Pr-Nd alloy was quoted at 930,000-940,000 yuan/mt, up 10,000 yuan/mt from the morning quote. According to SMM, some transactions were concluded in the Pr-Nd oxide market at current prices. However, the magnetic material sector showed low acceptance of the 930,000-940,000 yuan/mt alloy price, and no transaction information had been obtained for the time being.

[SMM Rare Earth News Flash] Affected by multiple factors, as of 12:00 PM today, Pr-Nd oxide spot prices were quoted at 760,000-765,000 yuan/mt, up approximately 5,000 yuan/mt WoW, and Pr-Nd alloy spot prices were quoted at 920,000-930,000 yuan/mt, up 5,000 yuan/mt WoW. According to an SMM survey, raw material prices have stabilized recently, and the magnetic material sector has shown growing acceptance of Pr-Nd alloy prices at 915,000-920,000 yuan/mt, beginning to steadily purchase as needed.

[SMM Rare Earth News Flash] Neo Performance Materials announced that the solvent extraction line at its Silmet plant in Estonia had been successfully commissioned, producing its first batches of terbium oxide and dysprosium oxide. The production line operated at nameplate capacity, achieving heavy rare earth separation using mixed rare earth carbonate raw materials. This move further strengthened the supply chain for Neo's first large-scale sintered magnet factory in Europe, located in Narva, with an annual capacity of 2,000 mt. Neo's CEO stated that the company now possessed both light and heavy rare earth processing capabilities, enabling it to supply secure, traceable, high-quality heavy rare earth materials to European permanent magnet factories.