Swedish Mining Project Under Fire Over Indigenous Land Rights

European Resources has more than doubled the resource at its Korsnäs project to 15.4 million tonnes at 1.0% rare earth oxides, up from about 7.1Mt in 2024. The deposit contains roughly 137.9 million kg of rare earths, including key EV metals like neodymium and praseodymium. The discovery strengthens Europe’s push for critical mineral supply, though the project is still in early (inferred) stage.

[SMM Rare Earth Weekly Review: Rare Earth Prices Continued to Rise This Week, Market Trading Activity Increased] Pr-Nd oxide market prices, supported by raw material costs and expectations of reduced upstream supply, saw a notable increase in downstream purchasing activity. Suppliers raised their offers one after another, and low-priced supplies tightened rapidly. As of today, Pr-Nd oxide prices rose to 773,000-778,000 yuan/mt over the week.

[SMM Rare Earth News Flash] Japan's Daikin Industries, Shin-Etsu Chemical, Hitachi, and Tokyo Eco Recycle jointly announced that they will recover rare earth magnets from commercial air conditioning compressors. They plan to develop automated equipment in 2026 and achieve full-scale operations in 2027, with a target of recovering several mt of rare earth magnets such as neodymium annually. Daikin will collect compressors, Tokyo Eco Recycle and Hitachi will be responsible for extraction, and Shin-Etsu Chemical will use recovered materials to reproduce new magnets. This initiative aims to establish Japan's first commercial air conditioning magnet recycling framework, reduce dependence on Chinese rare earths, and enhance supply chain resilience.