Friday's essential market data briefing for institutional capital in rare earth elements. **Market Pricing Data:** - Neodymium: $147.00/kg (+52.97% YTD) - Praseodymium: $141.90/kg (+47.66% YTD) - Dysprosium: $453.90/kg (+28.55% YTD) - Terbium: $1,983.40/kg (+42.03% YTD) - NdPr oxide: 632,000 yuan/tonne ($88/kg) - highest since March 2023 **Project Economics Updates:** - Shenghe Resources completes £200M takeover of Peak Rare Earths' Ngualla Project - US Energy Department allocates $60M for critical mineral programs - Aclara Resources secured $5M DFC funding for Brazil Carina project - JS Link America investing $223M for Georgia magnet facility creating 520+ jobs **Separation Plant Construction:** - Lynas Texas refinery: 85% probability EPA permit approval Q3 2025, concrete pour Q1 2026, commercial production Q2 2028 - Meteoric Resources secures Brazil government approval for pilot plant, targeting October 2025 operations - Energy Fuels set to supply Vulcan Elements with NdPr and dysprosium oxides Q4 2025 - Saskatchewan Research Council commenced NdPr metal production summer 2025 - Neo Performance Materials' Estonia plant operational September 2025 - Critica's Vietnam pilot plant operational September 2025 **Pentagon Activity:** - Metallium's Flash Metals Texas awarded gallium recovery contract A$100,000 - DoD $500M cobalt tender launched August 22, 2025 - $1B funding package announced August 13, 2025, disbursements mid-2026 **Market Projections:** - REE market: 196.63 kilotons (2025) to 260.36 kilotons (2030) - 5.80% CAGR - Neodymium: 9.20% CAGR through 2030 - Global EV sales: +27% through first seven months 2025, reaching 10.7M units Pure market data for institutional allocators in rare earth elements and critical minerals. Your competitive edge in the world's most critical elements.