Guangsheng Nonferrous Metals to Return to Profitability in First Three Quarters on Higher Rare Earth Price

【SMM Rare Earth Flash】 The Brazilian government has published a list of 27 critical and strategic minerals, classified into high, medium, and low priority tiers to guide policy resources. Nine minerals — rare earths, graphite, lithium, nickel, cobalt, copper, manganese, silicon, and uranium — are in Category I (high priority), strategic for energy transition, batteries, EVs, defense, and low-carbon technologies. Supporting policies include the Mineral Activity Guarantee Fund (FGAM), with up to R$2 billion (approx. US$370 million) in federal contributions, and the Federal Program for the Beneficiation and Transformation of Critical & Strategic Minerals (PFMCE), allocating R$1 billion annually from 2030 to 2034 to support beneficiation, transformation, and urban mining investment. The policy promotes value addition through financing mechanisms and tax incentives, requiring R&D&I investment and social and environmental responsibility.

【SMM Rare Earth Flash】 According to Reuters, as Japan's rare earth inventories continue to dwindle, Shin-Etsu Chemical — the largest rare earth magnet producer outside China — has stopped accepting orders for some dysprosium-containing magnets. Electronic components maker TDK said rare earth procurement has become "extremely difficult," forcing it to rely on existing stockpiles while accelerating redesigns of products to reduce rare earth content. The shortage has spread beyond magnet manufacturers, with companies across multiple Japanese industries warning investors that critical minerals are becoming increasingly difficult to obtain.