China Northern Rare Earth Q1 2026 Revenue Up 27.69% YoY, Net Profit Surges 113.12% Due to Higher Prices

As the core of the global magnet supply chain, China's export data reflects geopolitical shifts. From 2022 to 2025, export volumes tracked the move from decoupling to export controls. Now in 2026, changing geopolitics is driving a new export cycle.

[SMM Rare Earth News] US critical minerals developer Critical Metals (CRML.US) signed a letter of intent on April 27 to acquire Australian Lithium (European Lithium) in an all-stock transaction valued at approximately $835 million. European Lithium held the remaining 7.5% equity in the Tanbreez project, and upon completion of the transaction, Critical Metals will obtain 100% control of the project. The project is one of the largest known rare earth deposits in the world, with total rare earth oxides of 28.2 million mt, containing over 27% heavy rare earth.