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.

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.

Monday's comprehensive strategic briefing for institutional capital in rare earth elements and Pentagon developments. **Market Snapshot - September 15, 2025:** - Total Crypto Market Cap: $4.17 trillion - MP Materials Stock: $63.51 (+0.9%, $11.2B market cap) - Global rare earth market entering critical inflection point **Pentagon's Rare Earth Revolution:** - DoD $400M investment acquiring 15% MP Materials stake - largest shareholder - 10-year price floor guarantee: $110/kg NdPr oxide (nearly double Chinese prices at ~$60/kg) - 100% offtake agreement for new "10X" facility producing 10,000 metric tons annually by 2028 - First time U.S. government becomes major shareholder in critical minerals company **Separation Plant Construction Updates:** - MP Materials $150M DoD loan for heavy rare earth separation expansion at Mountain Pass - Texas "Independence" facility now producing automotive-grade magnets at scale - Lynas: First heavy rare earth producer outside China - Malaysia facility operational - Ucore: $18.4M DoD funding for Louisiana facility, production target May 2026 **Critical Pricing Data:** - Neodymium: 785,157 CNY/ton (~$108/kg) September 12, up 50.96% YoY - Dysprosium: Explosive 121% YTD gain—from $353/kg (January) to $780/kg (September) - Terbium: $1,983.40/kg, up 42.03% YTD - Praseodymium: $139.60/kg, up 45.27% YTD **China's Strategic Response:** - Export controls on seven rare earth elements remain in effect - Heavy rare earths seeing 168-598% price increases since April restrictions - China: 270,000 tonnes production vs USA: 40,823 tonnes (2024) - China refines 85%+ of global supply **Strategic Market Analysis:** Pentagon has moved from passive buyer to active owner, fundamentally changing market dynamics. MP Materials stock up 450% since deal announcement. This represents the inflection point in rare earth geopolitics and the end of Chinese dominance. Comprehensive strategic analysis and Pentagon developments for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.

Friday's comprehensive weekly wrap-up and strategic positioning briefing for institutional capital in rare earth elements. **Weekly Market Wrap-Up:** - Dysprosium oxide: $201.5/kg, terbium oxide: $889.68/kg - heavy rare earths surge continues - Neodymium oxide: $78,862.23/metric ton, praseodymium oxide: $79,172.22/metric ton - NdPr oxide stabilized in ¥600,000-¥608,000/ton range ($84/kg) after profit-taking - DoD price floor of $110/kg for NdPr oxide nearly double China-based market rate **Pentagon Strategic Developments:** - Lynas $120M Texas heavy rare earth separation facility operational by 2025 - MP Materials "mega-deal" with DoD: $400M equity investment, 15% government stake, 10-year offtake guarantee - Ucore $18.4M Phase 2 award for Louisiana commercial rare earth refining complex - First commercial-scale RapidSX machine construction with terbium/dysprosium separation capability **Weekly Project Updates:** - ReElement Technologies secured $20M equipment leasing facility September 10 for scaling production - Aclara Resources received $5M DFC commitment for Brazil heavy rare earths project - Ark Mines $4.5M Queensland grant for Sandy Mitchell Rare Earth Project - Shenghe Resources finalized £200M Peak Rare Earths takeover September 5 **Global Supply Chain Dynamics:** - China tightened REE oversight with new Ministry measures, centralizing extraction and exports - India-China magnet supply challenges persist despite eased export restrictions - NLC India-KABIL agreement September 10 for global critical mineral asset development - Kazakhstan establishing internationally accredited rare earth metals laboratory **Market Sentiment Analysis:** - "Wait-and-see" sentiment among industry players due to news factors impact - Separation plants maintaining firm quotations while traders actively selling at lower prices - Heavy rare earths seeing regional price splits: stable domestic China vs. significant ex-China surges Comprehensive weekly synthesis and strategic positioning analysis for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.

Thursday's comprehensive real-time intelligence briefing for institutional capital in rare earth elements, gathered through advanced multi-platform research. **Market Pricing Intelligence:** - Neodymium: 785,157 CNY/ton ($110,000/ton), up 19.87% monthly, 48.84% year-on-year - Rare Earths MMI gained bullish momentum, rising 2.15% from previous month - Dysprosium: $780/kg (121% YTD gain from $353/kg January) - NdPr oxide: ¥600,000-¥608,000/ton range ($84/kg) after profit-taking pullback - Terbium: $1,983.40/kg (+42.03% YTD) with supply concerns driving upward pressure **Pentagon Strategic Deployment:** - DoD $400M investment acquiring 15% stake in MP Materials, becoming largest shareholder - $150M DoD loan for expanding heavy rare earth processing at Mountain Pass - ReElement Technologies $2M DoD contract for domestic separation and purification capabilities - Ucore Rare Metals $18.4M DoD grant for Louisiana refining facility using RapidSX technology - First time U.S. government becomes major shareholder in critical minerals company **Mine-to-Magnet Breakthrough:** - Energy Fuels NdPr oxide successfully manufactured into commercial-scale permanent magnets by South Korean manufacturer - Magnets passed quality benchmarks for EV drive unit motors, marking China-independent supply chain milestone - Apple $500M commitment to purchase rare earths from MP Materials and build Texas magnet plant **Global Supply Chain Dynamics:** - China maintains 92% global refining capacity, 60% production, 50% reserves - China's April 2025 export controls on seven rare earth elements disrupting supply chains - Malaysia-China discussions for rare earth processing limited to Malaysian state-owned enterprises - India facing rare earth crunch with production delays forcing procurement from China and Vietnam **Technological Advancements:** - Livium-University of Melbourne microwave reactor prototype for rare earth extraction with reduced energy consumption - Malawi's Kangankunde project targeting 2026 production for neodymium and praseodymium - Syerston Project feasibility study due end September 2025 for world's largest scandium resource Real-time intelligence and Pentagon strategic analysis for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.

Wednesday's essential briefing for institutional capital in rare earth elements Pentagon contracts and manufacturing developments. **Market Pricing Data:** - Neodymium: 785,078.50 CNY/T ($107.46/kg) September 9 - Praseodymium: $141.90/kg September 8 - Dysprosium: $453.90/kg retail, $780/kg industrial (121% YTD surge from $353/kg) - Terbium: $1,983.40/kg with Shanghai Metals Market at $1,125.14/kg **Pentagon Contract Activity:** - ReElement Technologies awarded $2M DoD contract September 9 for critical mineral separation and purification capabilities - DoD Industrial Base Analysis and Sustainment Program targeting 2027 "mine-to-magnet" goal - $439M Pentagon investment since 2020 in domestic rare earth capabilities **Project Milestones:** - Energy Fuels NdPr oxide successfully manufactured into commercial-scale permanent magnets, qualified for EV drive unit motors - RareX Mt Mansbridge project identifies new mineralized veins grading up to 1.7% TREO with significant HREO and DyTb concentrations - Locksley Resources $750,000 strategic investment in EV Resources contingent on antimony ore sales agreement **Manufacturing Scale-Up:** - MP Materials scaling Fort Worth magnet capacity from 1,000 metric tons (2025) to 10,000 metric tons over next decade - JS Link pilot production run anticipated September 2025 at Yesan, Korea facility - Cyclic Materials Mesa, Arizona facility reaching 50% designed capacity Q3 2025 **Strategic Investments:** - Critical Metals 10-year supply agreement with Ucore for 10,000 metric tons annually from Greenland Tanbreez project - Aclara Resources $5M DFC funding for Brazil Carina project, feasibility study concluding Q1 2026 - US Energy Department $1B funding initiatives announced August 2025 **Market Dynamics:** - Global critical minerals market projected $586.63B by 2032, 7.53% CAGR from 2025 - Clean energy applications account for 40%+ total rare earth demand - China's August exports down 3.4% month-on-month to 5,792 metric tons, but cumulative 2025 exports up 14.5% Pure market data and Pentagon contract analysis for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.

Tuesday's essential briefing for institutional capital in rare earth elements breakthrough technology and market developments. **Market Pricing Data:** - Neodymium: 785,157 CNY/T ($107.70/kg), up 19.87% over past month and 43.41% year-on-year - Praseodymium: $141.90/kg - Dysprosium: $453.90/kg (121% YTD gain from $353/kg in January to $780/kg) - Terbium: $1,983.40/kg with 5.52% increase - NdPr oxide: 632,000 yuan/tonne ($88/kg) - strongest since March 2023 **Major Contract Activity:** - US Strategic Metals $500M investment deal with Pakistan's Frontier Works Organization for poly-metallic refinery, immediate mineral exports including rare earths - DoE $1B funding for critical minerals announced August 2025 - Flash Metals USA awarded gallium recovery SBIR contract September 2 **Technological Breakthrough:** - Livium and University of Melbourne microwave-assisted extraction technology achieving 95%+ neodymium recovery, 80% praseodymium recovery, consuming 85% less energy than conventional methods - Valor critical minerals processing firm launched September 9, 2025 by former Glencore head, focusing on faster, cheaper, zero-waste processing methods **Manufacturing Facilities:** - Neo Performance Materials Estonia plant beginning operations September 2025 as Europe's first domestic NdFeB magnet factory - JS Link America $223M Georgia facility targeting late 2027 operations with 3,000 tons capacity **Separation Plant Construction:** - Ucore Rare Metals $80M Louisiana facility production starting May 2026 - Meteoric Resources Brazil pilot plant targeting October 2025 operations **Market Dynamics:** - Global rare earth market $5.3B growing to $7.3B by 2026 - Brazilian Rare Earths 42% share price surge after securing final permit approval for Bahia pilot plant, operations mid-2026 Pure market data and breakthrough technology analysis for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.

Monday's essential market briefing for institutional capital in rare earth elements. **Market Pricing Data:** - Neodymium: $147.00/kg (+52.97% YTD) - Praseodymium: $141.90/kg (+47.66% YTD) - Dysprosium: $453.90/kg (+28.55% YTD) - Terbium: $1,983.40/kg (+42.03% YTD) - Market entering cautious stability with subdued trading activity **Major Capital Deployment:** - DoD $400M investment in MP Materials with decade-long guaranteed pricing arrangement - Apple $500M commitment to MP Materials for recycling infrastructure and magnet manufacturing - JS Link America $223M investment for Columbus, Georgia facility with 3,000 tons annual capacity **Manufacturing Milestones:** - JS Link pilot production at Yesan, Korea facility expected September 2025 - MP Materials Fort Worth facility commercial production anticipated late 2025 - Neo Performance Materials Estonia plant operations beginning September 2025 **Separation Plant Construction:** - Ucore Rare Metals $80M facility in Alexandria, Louisiana, production starting May 2026 - Saskatchewan Research Council NdPr metal production commenced summer 2025 - Arafura Nolans project targeting 4,440 tons/year NdPr oxide by 2025 **Project Financing:** - Aclara Resources $5M DFC funding for Brazil Carina project - Apex Critical Metals secured 2,407-acre property package in midwestern US - US Energy Department $60M allocation for critical mineral programs - Ramaco Resources $200M capital raise for Wyoming project, commercial operations planned 2027 **Market Dynamics:** - NdPr oxide prices fallen, concerns half of projected non-Chinese supply could become unviable if prices remain below $60/kg through 2030 - Kazakhstan announced massive rare earth deposit discovery April 2025 Pure market data for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.