Rare Earth Prices Surge, Magnetic Material Factories Halt Quotations Amid Market Volatility

[News-Driven Disturbance Coupled with Futures Impact, Pr-Nd Oxide Pulled Back Sharply] Yesterday, affected by a combination of news-driven factors and disturbances in the futures, Pr-Nd oxide prices started to pull back rapidly from the afternoon session, with most suppliers suspending quotations; on the medium-heavy rare earth front, dysprosium oxide and terbium oxide prices moved relatively steady, showing no notable fluctuations.

[SMM Rare Earth Express] London-listed rare earth enterprise Harena Rare Earths announced that it has signed a project development funding agreement with the U.S. International Development Finance Corporation (DFC), securing up to $4.84 million in financial support to advance the development of the Ampasindava ion-adsorption rare earth project in Madagascar. The funding will primarily be used for permitting approvals, environmental and social baseline studies, and the construction of a proof-of-concept pilot plant, providing technical support for the project's final feasibility study and reducing development risks. This reportedly marks the first time DFC has provided direct financial support to the Ampasindava project, reflecting its strategic value in the critical mineral supply chain arrangements of the US and its allies. Harena stated that the initial tranche of funding has already begun disbursement, and DFC has also expressed interest in participating in larger-scale financing once the project enters the construction phase.