US Rare Earth Company Partners with Canadian SRC to Build $40M Heavy Rare Earth Metal Facility

[SMM Rare Earth News Flash] Influenced by news-driven factors, downstream inquiry activity picked up in the afternoon. As of 18:00 this evening, Pr-Nd oxide prices closed at 690,000-695,000 yuan/mt, up slightly by 2,500 yuan/mt from the morning price. Spot Pr-Nd alloy prices showed no significant change from the morning, with mainstream quotations remaining at 850,000 yuan/mt, while a small volume of deferred payment wire transfer deals were concluded at 845,000 yuan/mt. Currently, wait-and-see sentiment on the downstream demand side of the rare earth market remained strong, with purchasing being relatively cautious and actual trading volume in the market still limited.

[SMM Rare Earth News Flash] Rare earth permanent magnets: According to data from the General Administration of Customs, China exported 5,126.03 mt of rare earth permanent magnets in April 2026, down 2.14% MoM and up 95% YoY. Meanwhile, the Ministry of Commerce stated that the U.S. economic and trade team conducted thorough communication and exchanges on export control issues, and both sides will jointly study and resolve each other's reasonable and legitimate concerns. The Chinese government implements export controls on critical minerals such as rare earths in accordance with laws and regulations, and reviews compliant, civilian-use license applications.

Australian Billionaire Invests $31 Million in US-Listed Rare Earths Americas Amid Global Supply Chain Efforts. Australia's richest person, Gina Rinehart, significantly expanded her multibillion-dollar rare earths empire by acquiring a 6% stake in US-listed critical minerals developer Rare Earths Americas. According to filings with the US Securities and Exchange Commission, Rinehart acquired 1.2 million shares through her company Hancock Prospecting, valued at approximately $22.8 million (A$31 million).