Nd · category: magnet · USD / kg
Beijing export-licensing tightening triggered Q2 spike. Lynas (AU) and MP Materials (US) the only at-scale ex-China options.
Fastmarkets and Argus assessments converge on $78–80/kg range as Chinese export-license tightening tightens free-market flow. Lynas and Iluka contracts repricing at quarterly indexed mechanism.