June 24 spot price of SMM rare earths

5N Plus plans to expand its St. George, Utah facility by approximately 50%, with completion targeted for H2 2027. The site transforms indium antimonide and other specialty materials into semiconductor materials, wafers, substrates and selected components, with recovery, purification and crystal-growth capabilities. New equipment will be installed progressively, but InSb-specific capacity was not disclosed; the 50% figure refers to the facility expansion, not indium demand.

[SMM Magnesium Survey: Resource Exploration and Secondary Capacity Advance in Tandem, European Mine Projects Face Implementation Hurdles] Canada's Magnora Resources released drilling assay results from its Quebec magnesite project, with the mineralized intervals averaging 42.7% MgO grade. The project targets future raw material supply for primary magnesium smelting in North America. A magnesium alloy recycling enterprise in Michigan, US, completed a technological transformation and upgrade of its production line, expanding its secondary magnesium ingot capacity and alleviating the domestic raw material supply gap.

[SMM Titanium Weekly Review: Limited Pre-holiday Restocking Keeps Titanium Dioxide Prices Largely Stable in the Short Term] The titanium market was in the doldrums this week. Upstream, titanium concentrates supply was ample, with both domestic and imported volumes rising, while downstream buyers pushed for lower prices, leaving ore prices under pressure. Midstream, titanium dioxide benefited from the peak season and pre-holiday stockpiling, with order intake improving MoM, but end-user purchases remained cautious, and actual transaction prices failed to follow through on gains, keeping the market largely stable. Sponge titanium faced a pronounced supply-demand imbalance, with high operating rates combined with sluggish civil demand; the industry was loss-making but production cuts were insufficient, leaving prices weak. The titanium materials market was sharply divided, with the civil segment in the doldrums amid intense price competition, while the aerospace and military segment had full order books and tight supply. Overall, end-use demand had not fully recovered, and the industry chain was dominated by transactions for immediate needs, maintaining a divergent and weak stability in the short term, with the pace of post-holiday restocking being the key variable.