US Rare Earth Company Promotes the Development of the Rare Earth Industry Chain in the Western Hemisphere, Intensifying Global Market Competition [SMM Commentary]

[SMM Rare Earth Flash] Brazilian rare earth developers Meteoric Resources and Viridis Mining & Minerals recently announced simultaneously that their project resources have been upgraded to 'Measured' status. Viridis' Colossus project has Measured ore resources of 31 million mt at a TREO grade of 0.2858%, while Meteoric's Caldeira project has Measured ore resources of 128 million mt at a TREO grade of 0.2815%. Both projects are located in the Poços de Caldas Complex in Minas Gerais, Brazil, and are considered one of the world's premier ion-adsorption rare earth ore belts. Both companies are currently advancing definitive feasibility studies and final investment decisions.

[SMM Reseña diaria de tierras raras: El mercado de tierras raras experimentó un aumento general de precios, con el terbio y el holmio continuando su escalada] En general, los precios de los productos de Pr-Nd se vieron afectados por el aumento de los precios de futuros, debilitándose la disposición de los proveedores a vender a precios bajos y elevándose ligeramente las ofertas al contado. Los precios de mercado del terbio y el holmio continuaron su escalada, mientras que los precios de los productos de disprosio y gadolinio se mantuvieron relativamente estables. Se espera que, a corto plazo, impulsados por un sentimiento alcista del mercado, los precios de los productos de Pr-Nd puedan tender al alza.