The Chinese customs authorities released detailed October export data, revealing ongoing supply constraints and divergent trends across key materials. Meanwhile, supply-chain diversification efforts continue, with the European Investment Bank and Australia finalizing an agreement that could pave the way for European financing of resource projects Down Under.
Chinese Exports of Rare Earth Magnets Down in October
Exports of rare earth magnets from China fell again in October. According to data from the Chinese Customs Authority, 5,473 tons were shipped, down from 5,774 tons in September. The majority of the shipments went to Germany, the USA, South Korea, Vietnam, and India. Exports of rare earth magnets had already declined significantly a few months ago after Beijing introduced export controls on certain rare earth elements and products made from them.
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Chinese Dysprosium Exports Plummet in October While Terbium Rebounds
After two strong months, dysprosium exports fell drastically in October, according to the latest data from Chinese customs authorities. Terbium shipments, in contrast, rose sharply. Year-to-date exports of both metals remain below last year’s levels.
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Chinese Gallium Exports Hit Highest Level Since 2022, Germanium Lags Behind
China’s exports of gallium and germanium rose in October, with gallium surging to its highest monthly volume since June 2022. Germanium also increased compared to September but remains constrained, with year-to-date exports below half last year’s level.
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European Investment Bank to Finance Raw Material Projects in Australia
The European Investment Bank (EIB) and the Australian government have signed a memorandum of understanding to strengthen cooperation on critical raw materials. The plan is for the EIB to finance relevant projects in Australia. This partnership builds on an existing raw materials agreement between the two parties.
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U.S. DOE Announces $355 Million for Domestic Critical Mineral Production
The U.S. Department of Energy has announced a combined $355 million in grant funding across two programs aimed at expanding domestic critical mineral production and reducing reliance on foreign suppliers. Of the total, $275 million will support the development of pilot-scale facilities that extract critical minerals from coal waste and other secondary mining. The remaining $80 million will fund the development of next-generation mining technology demonstration sites, with a focus on automation, real-time imaging, and advanced separation systems.
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Neo Performance Materials Sees Itself on Track
Neo Performance Materials reported a substantial increase in revenue for the third quarter of 2025, up nearly ten percent compared with the same period last year. The Canadian company says it is firmly on track to expand its permanent-magnet business. CEO Rahim Suleman highlighted key milestones already achieved, including the opening of Europe’s largest rare earth magnet plant in Estonia. Production is scheduled to begin in mid-2026 with an initial annual capacity of 2,000 tonnes, which could later be expanded to 5,000 tons.
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