Rare Earth Prices Rise Outside China, Driven by Domestic Increases and Future Expectations

Australian Billionaire Invests $31 Million in US-Listed Rare Earths Americas Amid Global Supply Chain Efforts. Australia's richest person, Gina Rinehart, significantly expanded her multibillion-dollar rare earths empire by acquiring a 6% stake in US-listed critical minerals developer Rare Earths Americas. According to filings with the US Securities and Exchange Commission, Rinehart acquired 1.2 million shares through her company Hancock Prospecting, valued at approximately $22.8 million (A$31 million).

[SMM Rare Earth Permanent Magnets News Flash] Affected by the continuous decline in upstream raw material prices, rare earth permanent magnet external quotations were lowered today after a short period of stability. As of 11:30 AM today, mainstream magnetic material manufacturers' quoted prices were calculated in the range of 870,000-900,000 yuan/mt, with significant differences among different magnetic material manufacturers. Motor clients may continue to monitor subsequent prices based on their own circumstances and purchase as needed.

Aldoro Resources made new progress in drilling at the Kameelburg niobium-rare earth-strontium project in Namibia. Key intercept results included: 503.98 meters of mineralization from surface, with grades of 1.3% total rare earth oxides (TREO), 4.01% strontium, 0.17% niobium (Nb2O5), and 0.019% molybdenum, indicating pervasive mineralization across the eastern limb of the carbonatite body. Aldoro considered this intercept "one of the best intercepts" for the project. The deeper extent of the Kameelburg ore body remains open at depth.