Tuesday's comprehensive rare earth market data and supply chain developments for institutional capital. **Market Snapshot - September 16, 2025:** - MP Materials: $65.94 (+4.16%, +$2.64) - Strong momentum continues - India launches sixth tranche critical minerals auctions today - Market consolidation after Monday's developments **Fresh Pricing Data:** - Dysprosium oxide: ~$202.15/kg vs $353/kg January (121% YTD gain) - Neodymium: 785,000 CNY/T (+19.85% monthly, +50.96% YoY) - NdPr oxide: ¥600,000-¥608,000/ton range (~$84/kg) after profit-taking - Heavy rare earths: Terbium 195% above pre-restriction levels, Dysprosium 168% above **Game-Changing Discovery:** - Victory Metals discovers dysprosium concentrations up to 218 ppm at North Stanmore project - 54x higher than average crust levels - potentially world's most enriched heavy rare earth deposit - Previous drilling exceeded 550 ppm - could reshape Western supply chains **Production Capacity Updates:** - MP Materials Texas "Independence" facility producing automotive-grade magnets at scale - Lynas first heavy rare earth producer outside China operational in Malaysia - USA Rare Earth targeting 2026 production launch - 2026 emerging as critical year for Western production capacity **Market Dynamics:** - China maintains 85% global processing capacity - Global rare earth metals market projected $6.01B (2025) to $9.29B (2032) at 6.4% CAGR - Separation remains critical bottleneck outside China **Strategic Analysis:** Victory Metals discovery represents potential breakthrough for Western heavy rare earth supply. Market showing consolidation while production capacity builds toward 2026 targets. China's processing dominance remains key constraint despite Western investment surge. Comprehensive rare earth market data and supply chain analysis for institutional allocators. Your competitive edge in the world's most critical elements.