Momentum Technologies Launches Commercial-Scale Rare Earth Recycling in US

This week, the overseas rare earth market was broadly influenced by supply tightening in China, with Pr-Nd and heavy rare earth prices generally rising. On the industry front, Europe and the US accelerated supply chain independence: the Norwegian government took over the development of the Fen deposit, the US acquired Brazil's Serra Verde, and Estonia's Silmet plant commenced production of heavy rare earth separation. In addition, UK magnet recycling and Brazil-Germany cooperation both made substantive progress, as the global ex-China supply chain buildout continued to accelerate.

According to Australian Government, the Fingerboards project by Gippsland Critical Minerals Ltd in East Gippsland, Australia is designed to become a major supplier of rare earth elements and zircon, with onsite processing and rail transport supporting downstream refining. The project targets annual output of around 200 tonnes of heavy rare earth oxides, 1,800 tonnes of light rare earth oxides, and 75,000 tonnes of zircon. It is expected to generate about 400 construction jobs and 262 permanent positions, with a total capital investment of $295 million.

[SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuated Significantly This Week, Bearish News Severely Undermined Market Confidence] The Pr-Nd oxide market fluctuated significantly recently. Driven by expectations of tightening on the supply side, upstream suppliers raised their quotes one after another. However, as bearish news spread, market confidence was severely undermined. As of today, Pr-Nd oxide prices adjusted to 780,000-800,000 yuan/mt within the week.