China's Imports and Exports of Other Cerium Compounds by Country in March 2025

[SMM Rare Earth Weekly Review: Rare Earth Market Shows Mixed Performance, Tug-of-War Between Upstream and Downstream Continues] Influenced by short covering by bears, futures prices rose, slightly boosting downstream willingness to restock. Procurement volumes for Pr-Nd oxide edged up compared to the previous period, and supplier quotes also rebounded slightly. As of today, Pr-Nd oxide prices fluctuated upward to 697,000-700,000 yuan/mt.

[SMM Rare Earth News Flash] USA Rare Earth announced on June 2 that it will invest $1.2 billion to build a new magnet manufacturing and rare earth metal refining plant in Cherokee County, South Carolina, located at the Bailey Industrial Park in Blacksburg. Once operational, the plant is expected to produce 6,400 mt of sintered NdFeB permanent magnets and 5,000 mt of rare earth metals and alloys annually. Combined with the expansion plan for the Stillwater plant in Oklahoma, the company's total domestic capacity will reach 10,000 mt of NdFeB magnets and 10,000 mt of rare earth metals and alloys per year. The project is the company's third plant in the US, following the separation plant in Colorado and the magnet plant in Oklahoma, and is expected to begin commissioning in 2028.

[SMM Rare Earth News Flash] ASX-listed European Resources announced that multiple untested anomalies were identified south and east of the existing resource area during the Phase 2 passive seismic survey at the Korsnäs rare earth project in Finland, validating the effectiveness of the exploration technique. The new anomalies lie outside the historical gravity coverage, indicating continued along-strike extension of the southern target corridor. The company has applied for an exploration permit extension to the south, and if the 6.3 square kilometer Poikel permit is approved, the total project area will increase to 19.9 square kilometers, further enhancing the exploration potential of this key European rare earth project.