REalloys and JS Link Explore Partnership for Rare Earth Magnet Manufacturing in North America

[SMM Rare Earth Flash] London-listed critical minerals company NeoTerra Group announced that its Monte Muambe project in Mozambique has made a breakthrough in metallurgical testing, confirming a multi-commodity process route capable of simultaneous production of acid-grade fluorite, separated heavy rare earths, and gallium-containing material. In two-stage flotation tests, gallium was enriched approximately 100% in the first-stage tailings. The project holds a 25-year mining license, and JORC resources include 13.6 million mt (TREO grade 2.42%), 3.48 million mt (CaF₂ grade 20.6%), and 11.73 million mt (Ga₂O₃ grade 54.7 g/mt).

[Pr-Nd prices continued to rise, and terbium and holmium supply tightening drove medium-heavy rare earth to strengthen] Yesterday, scrap market prices continued to rise. Affected by the continuous increase in oxide offer prices, recycling enterprises raised their external procurement quotes accordingly. However, suppliers were rather wait-and-see about selling, and recycling enterprises maintained just-in-time procurement, resulting in limited actual transactions.

China’s rare earth exports in H1 2026 operated under a temporary regulatory pause, set to expire on November 10. This resulted in a bifurcated market: light rare earths traded efficiently with high volumes, while heavy rare earths remained constrained, creating significant price premiums.