Matt McCall

U.S. Demand Sends Dysprosium & Terbium Prices Parabolic $MP $USAR $UUUU $ALOY $AREC We’re starting to see what happens when U.S. buyers are forced to compete for a very limited pool of non-Chinese heavy rare earth supply. Ahead of the January 1st 2027 Pentagon sourcing restrictions, U.S. defense supply chains are preparing for rules that restrict the procurement of NdFeB and samarium-cobalt magnets containing certain materials mined, refined, separated, melted, or produced in China. The result? Dysprosium and terbium prices outside China are surging… According to Fastmarkets: Terbium oxide: jumped 41% in one week, from $4,200–$5,000/kg to $5,000–$8,000/kg. Dysprosium oxide: climbed from $1,910–$2,500/kg to $2,500–$3,500/kg in just one week. Market participants say U.S. consumers are willing to pay significantly more than European buyers to secure material. This is exactly why simply having a rare earth deposit isn’t enough. The bottleneck is the ability to separate, refine and produce specification-grade material outside China. Magnet manufacturers are reducing the amount of Dy and Tb required per magnet, but they haven’t eliminated them. These heavy rare earths remain critical for high-performance NdFeB magnets where resistance to demagnetization at elevated temperatures matters, especially for military applications. Secure ex-China supply is beginning to command a serious premium… and January 1, 2027 hasn’t even arrived yet. Source: fastmarkets.com/insights/us-…