Rare earths
Access more than 70 price assessments for the 17 rare earth elements, along with the latest data, news and analysis
Overview
Rare earths or rare earth elements (REE) are crucial to modern society, driving innovation across automotives, electronics, renewable energy, healthcare, defence and aerospace, and as a catalyst in industrial and chemical processing.
As demand for highly engineered products continues to grow, manufacturers that rely on rare earths face a limited supply of marketable product outside a handful of Chinese producers.
Argus Rare Earths Analytics and Argus Non-Ferrous Markets address this unique challenge in the rare earths industry by delivering price data and forecasts through on-the-ground expertise and a proven methodology that supports long-term outlooks as well as supply and demand fundamentals.
Rare earths coverage
Argus produces more than 70 price assessments for the 17 rare earth elements, as well as delivering best-in-class data, news and analysis to support your decision making. In addition, the Argus Rare Earths Analytics service also provides market analysis and 10-year forecasts for supply, demand, prices and projects across key rare earths:
- Cerium prices
- Dysprosium prices
- Erbium prices
- Europium prices
- Gadolinium prices
- Lanthanum prices
- Mischmetal prices
- Neodymium prices
- Praseodymium prices
- Praseodymium-neodymium prices
- Samarium prices
- Terbium prices
- Yttrium prices
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Browse the latest market moving news on the global rare earth industry.
Trump threatens to block new Canadian bridge
Trump threatens to block new Canadian bridge
Calgary, 9 February (Argus) — US president Donald Trump is threatening to block the opening of a Canadian-financed, cross-border bridge as trade tensions between the two countries show little sign of easing. The Gordie Howe International Bridge connecting automotive manufacturing hubs Windsor, Ontario, and Detroit, Michigan, is set to open in early this year, but on Monday was in the crosshairs of a social media screed from Trump. "I will not allow this bridge to open until the United States is fully compensated for everything we have given them," said Trump in the post. "We will start negotiations, IMMEDIATELY." The 2.5 km (1.6 mile) bridge is entirely funded by Canada at an estimated cost of C$6.4bn ($4.7bn) but will be publicly owned by both Canada and Michigan. It will be operated by the Windsor-Detroit Bridge Authority (WDBA), a Canadian crown corporation created in 2012. Canada for years has sought an alternative to the nearby Ambassador Bridge, owned by the family of a US business magnate. The Canadian government is to recover its investment through tolls. Trump's social media post repeated other complaints over trade with Canada, including some Canadian provinces no longer stocking US alcoholic beverages, Canadian tariffs on US dairy products and a pending agreement between Canada and China to reduce some tariffs. China "... will eat Canada alive," Trump said in the post. "The first thing China will do is terminate ALL Ice Hockey being played in Canada, and permanently eliminate The Stanley Cup." The Gordie Howe International Bridge will be the latest addition to the Windsor-Detroit trade corridor, which the WDBA says accounts for more than one-quarter of trade between Canada and the US. The corridor includes the Ambassador Bridge, the Detroit-Windsor Tunnel and the Canadian Pacific Railway tunnel. A US waiver was given to Canada to source steel from either the US or Canada for the project. The main bridge and parts of the Canadian port of entry were sourced using Canadian steel, according to the Canadian government. By Brett Holmes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US, Australia back Ardea’s Goongarie Hub Ni, Co project
US, Australia back Ardea’s Goongarie Hub Ni, Co project
Sydney, 5 February (Argus) — Government lenders in Australia and the US may give Australian developer Ardea Resources up to $700mn in co-funding to support its Goongarrie Hub nickel and cobalt project in Western Australia (WA), the company announced today. Australian lender Export Finance Australia (EFA) and the US government's Export-Import Bank (EXIM) have each issued non-binding letters for up to $350mn of financial support for Goongarrie, Ardea Resources said. EFA's letter was denominated in Australian dollars. "Ardea looks forward to working closely with EFA, EXIM, and other ally-nation export credit agencies to develop Goongarrie," the company's managing director Andrew Penkethman said. Ardea plans to produce 29,000 t/yr of nickel metal and 2,100 t/yr of cobalt metal in mixed hydroxide precipitate at Goongarrie, according to a critical minerals prospectus released by Australia's government on 4 February. But only 25pc of the project's output is available for offtake, according to the prospectus. Ardea aims to complete a definitive feasibility study for Goongarrie in the first half of 2026, it said in January. The company will run the project as a joint venture with Japanese trading firms Sumitomo Metal Mining and Mitsubishi. Australian forecaster the Office of the Chief Economist (OCE) expects domestic nickel mine production to fall over the coming years, from 62,000t in the July 2024–June 2025 fiscal year to 47,000t in 2026-27, according to December 2025 forecasts. But multiple governments are looking to promote Australian critical mineral production. The US and Australia agreed in October 2025 to co-invest at least $3bn into critical mineral projects . EXIM issued letters of support for up to $2.2bn of co-funding at the time. Australia also plans to work with Japan's government to build secure critical mineral supply chains, the country's foreign minister Penny Wong said in September 2025. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US vehicle sales hit 3-year low in January
US vehicle sales hit 3-year low in January
Houston, 4 February (Argus) — A sharp drop-off in truck purchases sent US light vehicle sales in January to their lowest level in nearly three years, as low consumer confidence weighed on spending and ongoing supply challenges limited domestic automotive production. Sales of light vehicles — pickup trucks and cars — fell to a seasonally adjusted annual rate of 14.9mn units in January, down from 16mn in December, the Bureau of Economic Analysis reported this week. Last month's total was down from January 2025's annualized rate of 15.5mn and the lowest since 14.9mn in February 2023. Light truck sales declined by 7.5pc to a 12.3mn unit annual rate in January, while car sales ticked lower 2.6pc to a 2.6mn unit rate in the same timeframe. Buyers slowed purchases following the holiday season, as macroeconomic challenges that began last year persisted into 2026. Uncertainty around geopolitical developments, along with concerns around a short-lived US government shutdown and high borrowing costs have pressured consumer confidence. Reduced supply of new vehicles also limited selling opportunities, as a prolonged outage at aluminum-roller Novelis' facility in Oswego, New York, has impacted automakers' build rates — most notable Ford's — and forced car dealerships to move older inventory. US vehicle production in December was relatively flat at a seasonally adjusted rate of 9.5mn sequentially, only down by 170,000 units from November, the latest Federal Reserve data shows. Last month's total marked the third straight month of output falling below a 10mn unit rate. Auto assemblies are reported with a one-month lag to sales. By Alex Nicoll Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Japan mines rare earth mud from deep seabed
Japan mines rare earth mud from deep seabed
Singapore, 4 February (Argus) — Japan Agency for Marine-Earth Science and Technology (Jamstec) collected the first batch of deep-sea mud containing rare earth elements from a depth of around 6,000m around Minamitorishima on 1 February. Jamstec's deep-sea drilling vessel Chikyu arrived the test site of the rare-earth mud mining system in the waters around Minamitorishima on 17 January. The first rare earth recovery operation began on 30 January and the first batch of mud was brought onboard on 1 February, Jamstec said. The Cross-Ministeral Strategic Innovation Promotion Program (SIP) will conduct an initial treatment test by April once Chikyu returns to Japan on 15 February. This trial is part of SIP's plan to evaluate the feasibility of deep-sea mining in Japan's exclusive economic zone near Minamitorishima. SIP plans to run a full-scale test excavation in February 2027 to recover up to 350 t/d of rare earth mud. SIP will then compile a report by March 2028 to assess the project's profitability and feasibility. The possibility of deep-sea rare earth mining first emerged in 2013 when the University of Tokyo discovered mud with a high concentration of rare earth elements near Minamitorishima. The area is estimated to hold about 16mn t of rare earth resources. If materialised, this would make Japan's national reserves the third-largest in the world. The industry at the time expressed concerns about economic viability, because the cost to recover rare-earth from deep-sea mud is likely to be significantly higher than processing costs in China. The increased price gap for certain rare earth products between the Chinese domestic market and the European and US markets, driven by China's export restrictions, may have increased the commercial feasibility of deep-sea rare earth mining and recovery. But this will remain a concern until SIP releases more details about mining and recovery costs, and what elements are available in its future reports. Deep-sea mining is one of Japan's strategies to reduce its dependency on Chinese imports of critical minerals. Japan relies heavily on imports of rare earths for its high-performance and electronics industries. About 60-70pc of Japan's rare earth imports come from China. Global dysprosium prices ($/kg) Global terbium prices ($/kg) Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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