Rare Earth Prices Rise Slightly as Downstream Inquiry Activity Picks Up Amid News-Driven Factors

[SMM Rare Earth News Flash] Rare earth permanent magnets: According to data from the General Administration of Customs, China exported 5,126.03 mt of rare earth permanent magnets in April 2026, down 2.14% MoM and up 95% YoY. Meanwhile, the Ministry of Commerce stated that the U.S. economic and trade team conducted thorough communication and exchanges on export control issues, and both sides will jointly study and resolve each other's reasonable and legitimate concerns. The Chinese government implements export controls on critical minerals such as rare earths in accordance with laws and regulations, and reviews compliant, civilian-use license applications.

Australian Billionaire Invests $31 Million in US-Listed Rare Earths Americas Amid Global Supply Chain Efforts. Australia's richest person, Gina Rinehart, significantly expanded her multibillion-dollar rare earths empire by acquiring a 6% stake in US-listed critical minerals developer Rare Earths Americas. According to filings with the US Securities and Exchange Commission, Rinehart acquired 1.2 million shares through her company Hancock Prospecting, valued at approximately $22.8 million (A$31 million).

[SMM Rare Earth Permanent Magnets News Flash] Affected by the continuous decline in upstream raw material prices, rare earth permanent magnet external quotations were lowered today after a short period of stability. As of 11:30 AM today, mainstream magnetic material manufacturers' quoted prices were calculated in the range of 870,000-900,000 yuan/mt, with significant differences among different magnetic material manufacturers. Motor clients may continue to monitor subsequent prices based on their own circumstances and purchase as needed.