Neodymium

REMX 89.21USD ▼ -7.86% 30d · Jun 25 · Rare earths (REMX ETF proxy)

tracked under Minerals ▸ Rare earths & magnets

MP Materials starts NdFeB magnet production in Texas with DoD as top shareholder

Fort Worth 'Independence' facility shipped first magnets December 2025; Q1 2026 NdPr output hit record 917t; Pentagon's $400m equity stake and $110/kg price floor make the US government the underwriter of America's magnet supply

Whose Money ·7 takes ·Jun 25

NdPr prices surged 160% in four months to $137/kg before correcting; heavy rare earths up 130%

China's April 2025 export controls on seven heavy REEs drove a scarcity premium that sent NdPr from $53/kg in January to $137/kg at end-April, with European ex-China prices reaching six times Chinese domestic levels

The Quiet Shift ·8 takes ·Jun 25

Iluka's Eneabba refinery reached 50% construction and secured binding automaker offtake for 1,200 tpa; Energy Fuels is targeting heavy rare earth separation in Utah by Q4 2026

Australia's first integrated rare earths refinery is on schedule for commissioning in 2027 with committed NdPr and heavy rare earth offtake; the White Mesa Mill in Utah is the only facility outside China that can separate terbium and dysprosium at commercial scale

The Long Game ·6 takes ·Jun 26

Lynas Texas plant 'unlikely to proceed' as DoD backs MP Materials; Malaysia relicensed to 2036

CEO Amanda Lacaze says Seadrift construction may not proceed without DoD offtake; Kuantan plant secured a 10-year licence but must eliminate radioactive waste by 2031; Malaysian DoE blocked the planned capacity expansion

The Long Game ·5 takes ·Jun 25

EU Critical Raw Materials Act's second strategic project list adds 47 projects across lithium, nickel, cobalt and rare earths; first permits processed in 24 months

The European Commission published its second CRMA Strategic Projects selection in March 2026, bringing the total to 94 projects; member states must issue permits within 24 months; the CRMA sets 2030 supply benchmarks requiring 10% domestic extraction and 40% EU processing

The Long Game ·9 takes ·Jun 25

US extends DoD-style price floors to allies as Project Vault and G7 stockpile pledges reshape the Western minerals toolkit

The DoD's $110/kg NdPr floor with MP Materials became a template; Washington negotiated allied floors with Mexico, the EU and Japan by February 2026; the One Big Beautiful Bill's Section 20004 appropriated $2bn for a Strategic Resilience Reserve; the G7 Évian declaration committed $64bn across 195 projects

Whose Money ·9 takes ·Jun 25

China restricts rare earth and magnet exports to Japan, targeting military-linked end users

A January 2026 MOFCOM ban on dual-use exports for military end-users in Japan broadened into de-facto supply disruption; Japan's dependence on Chinese rare earths has fallen to 60-70% but the shock hit auto and defence sectors

The Long Game ·5 takes ·Jun 25

One Big Beautiful Bill phases out wind energy IRA credits by 2027 and restricts 45X minerals credits from FEOC suppliers, while adding metallurgical coal

The House-passed reconciliation bill terminates the IRA's wind production and investment credits for projects beginning after 2026, extends and modifies the 45X advanced manufacturing credit, bars FEOC-sourced material from 45X eligibility, and adds a new metallurgical coal credit; Senate outcome uncertain

Whose Money ·8 takes ·Jun 25