United States · Integrated · Operating · NYSE:MP
Only operating rare-earth mine in the US. NdPr metal & magnet plant (Fort Worth) commissioning 2026.
No active risk flags. Continuous monitoring active.
United States — Inflation Reduction Act §30D + DPA Title III + DoD strategic stockpile. Permitting timelines remain a constraint.
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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