NdFeB Blank Production Rises in May 2026, Stable Outlook for June

To better track rare earth price swings and support long‑term contract settlements, SMM launched “Evening Prices” (since April 27, 2026) for Pr‑Nd and gadolinium, available via data terminal and Renrenkan. As afternoon transaction peaks have shifted due to volatility (e.g., Pr‑Nd alloy: 1.09M to 830k yuan/mt in H1 2026), evening prices reflect actual afternoon trades, benefiting metal‑magnet contracts. For magnet‑end‑user annual contracts, morning prices are recommended.

[SMM Rare Earth News Flash] The US and India signed a bilateral critical minerals framework agreement in New Delhi, aiming to establish a strategic partnership for supply chain security in mining and processing. The agreement was signed by US Secretary of State Rubio and Indian External Affairs Minister Jaishankar during the Quad Foreign Ministers' Meeting, covering the entire chain including mining, processing, refining, recycling, and joint financing. The agreement was based on the "Forum for Resource Geostrategic Engagement" (FORGE) launched in February 2026, aiming to reduce dependence on a single source. India possesses over 13 million mt of monazite rare earth resources and is accelerating the enhancement of its processing capabilities.