Fujian Issues Rare Earth Exploration Licenses, Marking Progress in Longyan's Mineral Development

[SMM Rare Earth Bulletin] Australia’s Lynas Rare Earths said on August 26 that it plans to further expand the global rare earth supply chain. Interim CEO Pol Le Roux disclosed that the company is in talks with developers of multiple ionic adsorption rare earth ore projects worldwide to secure additional raw material supply. He expects to announce new supply agreements in the near term, but did not specify whether they involve purchasing raw materials or acquiring ionic clay businesses. Meanwhile, Lynas is in early-stage talks with multiple parties in the US on supporting the development of the magnet manufacturing supply chain. This move comes as Western countries accelerate the build-out of rare earth supply chains outside China. Previously released results for FY2026 showed full-year net profit after tax reached A$222.4 million, up more than 26 times YoY.

[SMM Rare Earth Flash] The SMM survey showed that China’s NdFeB blank production in August was 313,000 mt, down 2.23% MoM. In August, affected by weather in China and the summer break, production pulled back MoM. It was expected that after a full return to work and production resumptions in early September, production would reach 33,108 mt, hitting the peak for the year.

[SMM Rare Earth Daily Review: Pr-Nd in the Rare Earth Market Was Under Pressure and Pulled Back; Medium-Heavy Rare Earth Ran Steadily] Overall, approaching the weekend, trading activity in the rare earth market was sluggish. Prices of Pr-Nd products were in the doldrums, while prices of medium-heavy rare earth products ran steadily, and actual transactions were in a stalemate. In the short term, affected by continued caution on the demand side and fluctuations in futures, prices of Pr-Nd products may maintain a sideways pattern; with limited follow-up on inquiries, prices of medium-heavy rare earth products may continue to run steadily.