Australia · Refinery · Ramping · ASX:ILU
AUS-backed strategic separation facility. First commercial dysprosium/terbium ex-China outside Lynas heavy circuit.
No active risk flags. Continuous monitoring active.
Australia — AA-rated jurisdiction. Critical Minerals Strategy 2023, AU$4bn fund. Free-trade aligned with US/JP/KR. ESG bar high.
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.
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.
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.
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