Gina Rinehart Invests $31M in US Rare Earths Firm, Expanding Her Mineral Empire

[SMM Rare Earth News Flash] Rare earth permanent magnets: According to data from the General Administration of Customs, China exported 5,126.03 mt of rare earth permanent magnets in April 2026, down 2.14% MoM and up 95% YoY. Meanwhile, the Ministry of Commerce stated that the U.S. economic and trade team conducted thorough communication and exchanges on export control issues, and both sides will jointly study and resolve each other's reasonable and legitimate concerns. The Chinese government implements export controls on critical minerals such as rare earths in accordance with laws and regulations, and reviews compliant, civilian-use license applications.

[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.