Ningbo Yunsheng Reports 247.95% YoY Net Profit Increase in 2025, Revenue Up 8.39% to 5.464 Billion Yuan

[SMM Rare Earth News Brief] A Brazilian legislator submitted a bill proposing the establishment of a state-owned rare earth and critical minerals enterprise, "Terrabras" (Terrabras), focusing on mineral research, exploration, and commercialization. The enterprise would operate modeled after Petrobras, with a capital structure that could incorporate private enterprises, development banks, and sovereign funds, while the federal government would hold a minimum stake to ensure control. The proposal requires congressional approval. Brazil possesses the world's largest rare earth reserves outside of China and is becoming a global hot topic for rare earth cooperation.

This week, the ex-China rare earth market exhibited a trend of accelerated project deployment and price divergence. Price-wise, affected by undersupply in China, prices of praseodymium oxide, neodymium oxide, and corresponding metals rose notably, while other light rare earth and heavy rare earth prices remained generally stable. In terms of trading, Pr-Nd exports declined, and exports of heavy rare earths such as dysprosium and terbium remained restricted. Ex-China developments were active: US-based USA Rare Earth completed its first commercial yttrium metal casting and established a partnership with France's Carester; Japan launched a rare earth magnet recycling initiative for air conditioning compressors; Brazil's Aclara confirmed the commissioning plan for the Carina project in 2028; Canada's Neo achieved a breakthrough in terbium-dysprosium separation in Estonia; meanwhile, resource volumes in Finland, Alaska, Greenland, and other regions expanded significantly; Australia and the US provided financing for critical minerals projects; China's export controls raised European supply chain concerns; and Malaysian civil society organizations opposed the supply agreement between Lynas and the US Department of National Defense.