Wednesday's comprehensive rare earth market data and supply chain developments for institutional capital. **Market Snapshot - September 17, 2025:** - MP Materials: $65.98 (-1.78%, -$1.19) - Healthy profit-taking after recent momentum - Market showing disciplined consolidation as institutional capital processes developments **Fresh Rare Earth Pricing Data:** - Neodymium: 785,000 CNY/T (flat), retail $146.20/kg (+52.13% YTD) - Dysprosium: $453.90/kg retail (+28.55% YTD), metal $254.53/kg - Terbium: $1,111.22/kg (+0.11% daily) - Praseodymium: $98,085.62/mt (+0.11% daily) **Major Rare Earth Supply Developments:** - Northern Minerals: New mining lease granted for Browns Range Project - targeting 8% of global heavy rare earth supply by 2028 - Victory Metals: Confirms highly enriched heavy rare earth deposits at North Stanmore, Western Australia - ABx Group: Excellent extraction rates - Dysprosium 60-66%, Terbium 55-62% - Coal India: Designated preferred bidder for Ontillu-Chandragiri rare earth exploration block **Rare Earth Separation Capacity Intelligence:** - China maintains 85% global rare earth processing capacity - separation remains critical bottleneck - Lynas (#1 non-Chinese): ~6,142 tpa light rare earth production, expanding to ~12,000 tpa - MP Materials (#2): ~1,300 tpa light rare earth separation today, targeting ~6,000 tpa + ~100 tpa heavy rare earths - Ucore Louisiana facility: ~5,000 tpa light rare earth production planned using RapidSX technology **Rare Earth Market Dynamics:** - China's rare earth export restrictions continue affecting European production - Western rare earth supply chain diversification accelerating with government backing - 2026 emerging as critical inflection point for Western rare earth production capacity **Strategic Analysis:** Market consolidation reflects institutional discipline after recent developments. Heavy rare earth discoveries (Victory Metals, ABx Group) represent potential long-term supply chain transformation. China's rare earth processing dominance persists, but Western separation capacity building momentum toward 2026 inflection point. Comprehensive rare earth market data and supply chain analysis for institutional allocators. Your competitive edge in the world's most critical elements.