Malaysia Considers Lifting Ban on Unprocessed Rare Earth Exports Amid Intensifying Global Competition

[SMM Rare Earth Daily Review: Rare Earth Market Pr-Nd Recovers and Rises, Prices Hold Up Well Overall] Overall, the rare earth market is driven by the rise in futures and the tightening of low-priced sources, with prices holding up well. However, downstream inquiries are limited, and actual transactions remain stagnant. In the near term, supported by the continued tightening of low-priced sources, prices of Pr-Nd, dysprosium, holmium, and other products are expected to consolidate on a strong note.

[SMM Rare Earth Express] Jintian Co., Ltd. (601609) disclosed its 2026 semiannual report on the evening of August 18. In H1, it achieved operating revenue of 79.3 billion yuan, up 33.74% YoY; net profit attributable to the parent was 442 million yuan, up 18.44% YoY. Among them, the rare earth magnetic material segment delivered a standout performance: during the reporting period, it achieved main business revenue of 1.1 billion yuan, up 49.93% YoY; rare earth magnetic material production reached 3,925 mt, up 12% YoY, and the capacity utilization rate remained at a relatively high level; gross margin for rare earth magnetic material was 14.80%, up 1.8 percentage points YoY. The company’s high-coercivity, high-resistivity NdFeB products have been introduced into the supply chain of a top-tier humanoid robot player and have achieved mass supply. On the same day, the company announced that it is expected to plan the spin-off of its controlled subsidiary Ketian Magnetics for listing on a domestic securities exchange.

[Dysprosium Oxide Continues to Strengthen, Pr-Nd Stagnant and in the Doldrums, Metal Enterprises Suspend Quotations and Wait Due to Oxide Fluctuations] Currently, the overall circulation frequency of rare earth ore remains poor, the market trading situation is stagnant, and the weak oxide prices cause the actual transaction price of rare earth ore to also see a downward shift in its center.