Rare earth prices outside China diverged under pressure this week, with recycling and resource-end projects advancing intensively [SMM Rare Earth Overseas Weekly Review]
This week, rare earth oxide and metal prices outside China were mostly revised downward, heavy rare earth remained firm, and trading was sluggish. In the recycling sector, HPSR laboratory validation reduced costs and improved efficiency, and capacity implementation accelerated for USSM-Ionic, Cycle Materials, and others. On the resource side, projects such as Dong Pao in Vietnam and Sarfartoq in Greenland advanced, and the trend toward localization and closed-loop recycling of the Western magnet supply chain strengthened, though most economic and technical validation remains at an early stage.