Latest Update in the SMM Rare Earth Oxides Market

SMM Rare Earth Morning Meeting Summary: Suppliers' Willingness to Sell Increases, Rare Earth Prices Drop Back Slightly Last week, influenced by the news that imports of ion-adsorption ore are expected to resume, some suppliers showed an increased willingness to sell, leading to a slight pullback in the prices of rare earth raw materials. However, with some companies still waiting for quotas to be issued, the fluctuation in rare earth prices remained relatively small.

SMM Rare Earth Daily Review: Rare Earth Market Sentiment Remains Cautious, Corporate Purchasing Enthusiasm Low Today, the overall rare earth market prices showed a stable trend with a weak inclination. In the oxide market, Pr-Nd oxide prices fell to 443,000 to 445,000 yuan per mt, dysprosium oxide dropped to 1.65 million to 1.68 million yuan per mt, and terbium oxide prices declined to 6.53 million to 6.57 million yuan per mt.

[Trump Invokes War Powers to Boost Production of Rare Earths and Other Critical Minerals, Accelerating Project Launches and Financing] During his first term, Trump used executive actions to ease production controls, driving up US oil and gas production. Now, it seems he is preparing to take similar measures in the mining sector, particularly for rare earths. On Thursday, Trump signed an executive order invoking a wartime power to mobilize and expand domestic production of critical minerals. By citing the Defense Production Act from the Truman era, the US president can mobilize the domestic industrial base to provide materials deemed essential for national defense.

[Pensana Secures Financing to Develop Longonjo Rare Earth Mine in Angola] According to Mining Weekly, London-listed magnet metal supply chain developer Pensana has been granted financing of $268 million to develop its Longonjo rare earth project in Angola.

[Pensana Secures Financing to Develop Longonjo Rare Earth Mine in Angola] According to Mining Weekly, London-listed magnet metal supply chain developer Pensana has been granted financing of $268 million to develop its Longonjo rare earth project in Angola.

[Progress on Projects Including the Korsnas Rare Earth Mine in Finland] The scale of high-grade rare earth ore bodies at Prospech's Korsnas project in Finland has expanded, with multiple mineralized zones showing total rare earth oxide (TREO) grades above 1%, reaching as high as 4%, with a higher content of heavy rare earth oxides: 61.3 ppm terbium and 234 ppm dysprosium. Cygnus Metals made new progress in drilling at its Chibougamau project in Canada.

SMM Rare Earth Morning Meeting Summary: Rare Earth Market Confidence Declines, Light Rare Earth Prices Pull Back Slightly Yesterday, market confidence in rare earth oxides declined, and pr-nd oxide prices pulled back slightly. However, overall, the price fluctuations of rare earth oxides were relatively small. News about the resumption of rare earth ore imports spread, but most industry players still dared not easily engage in market transactions.

SMM Analysis: Unlisted Rare Earth Oxide Imports Continue to Tighten, When Will Myanmar Ore Imports Recover? In January-February 2025, China's imports of unlisted rare earth oxides were about 4,163 mt, down 40% YoY; in February, the imports were only 1,270 mt, a 56% decrease YoY and a 60% decline MoM.