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John Doe's avatar

Great article. However you forgot to mention the radioactivity profile. China beats almost every other project in this area because of their ion clays. Chinese extraction refining and processing leaves a much lower environmental footprint without Radioactive tailings.

Harish Agarwal's avatar

Brilliant and insightful

Davide Lorenzi's avatar

Incredible read. Thank you very much!

Bid Bird's avatar

Great read mate. Thank you!

In my view China not blocking NdPr-exports have always made perfect sense. They don’t want NdPr-price to incentivize projects that also has heavies, which are more in scarce.

The West doesn’t have NdPr-supply problem, but because NdPr-price is very often a primary economic driver of the project (except anomalies like the Browns Range) and therefore grants also access to the heavies, I think we will naturally develop a dual-market where we see hefty Western premiums also on light oxides.

Interesting times for sure. Can’t wait to see what 2026 brings in rare earth markets. US-CHN trade war and export limitations are far from over, imo.