Viridis Completes DFS for Colossus Rare Earth Project, Reveals $1.866B Pre-Tax NPV and 2.7-Year Payback Period

While the global rare earth recycling rate remains below 1%, Europe and the United States accelerated support for domestic recycling capacity in 2025—the EU Critical Raw Materials Act requires that at least 25% of strategic raw material consumption come from recycling by 2030, and China’s series of export controls in 2025 has also turned “urban mining” from an ESG slogan into a supply-chain necessity. But what is truly driving the industry’s inflection point is not policy documents, but the intensive build-out on the recycling side by top-tier players such as MP Materials, Noveon, Cyclic Materials, HyProMag, and Carester. They have all shifted the competitive focus from “laboratory recovery rates” to “who can reliably secure scrap magnets and who can turn recycled powder into material that magnet manufacturers are willing to sign long-term supply agreements for.”

[Pr-Nd Pulls Back amid Transaction Stalemate; Medium-Heavy Rare Earths Stable; Magnetic Materials Follow Gains but Demand Recovery Uneven] Last week, affected by the pullback in futures prices, spot suppliers’ offers for Pr-Nd oxide softened somewhat, with market trading sentiment relatively sluggish and prices revised down slightly; dysprosium oxide prices were stable overall, with no notable adjustments; terbium oxide prices held steady amid sluggish market inquiries and trading activity, with limited follow-through in actual transactions.

Global rare earth recycling rates remain below 1% to date. In 2025, the US and Europe accelerated support for domestic recycling capacity—the EU’s Critical Raw Materials Act (CRMA) mandates that at least 25% of strategic raw material consumption come from recycling by 2030, while China’s series of export controls in 2025 turned the “urban mine” from an ESG slogan into a supply chain imperative.