A newly commissioned pilot circuit has produced rare-earth concentrate, while planned separation work targets NdPr oxide and heavy rare-earth products for technical evaluation.
SMM reported firmer Pr-Nd indications alongside cautious transactions, reinforcing the value of clear NdFeB specifications and quote-validity controls.
USA Rare Earth announced its Serra Verde combination; expected capacity and supply-chain benefits remain subject to operational execution and qualification.
SMM described a differentiated rare-earth market: Pr-Nd values stabilized and rebounded, while medium- and heavy-rare-earth products moved in different directions.