Dy · category: magnet · USD / kg
Heavy rare earth with near-total Chinese concentration. Allied-nation stockpiles announced by US, JP, KR, AU.
Ministry of Commerce Order 2026/9 brings NdFeB and SmCo finished magnets and motor sub-assemblies into the strategic export licensing system. License cycle 30–45 days. Western magnet buyers urged to verify Q3-2026 deliveries.
AUD$1.65bn AUS-government-backed refinery commissioned ahead of schedule. Nameplate 5,500tpa NdPr equivalent + first commercial Dy/Tb separation outside China. Offtake LoIs with US DoD, KR Hyundai, JP Toyota.
Fastmarkets weekly assessment closed at $410/kg, up 24.8% MoM. Buyers reporting allocation cuts of 15–30% from Chinese suppliers. JP, KR, US activating emergency stockpile draw-downs.