Late January–mid January 2026
Rare earth market conditions from mid- to late January 2026 were mixed. China imposed a ban on exports of dual-use (civilian and military) items to Japan on January 6. While the specific products covered were not disclosed, prices of metallic neodymium surged amid reports that export approvals had stalled. At the same time, weak demand for finished products persists, and with China’s Lunar New Year holidays approaching, a wait-and-see mood is also spreading across the market.
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