REEx Structural Rare Earth Market Signal Tracker ? September 28?October 2, 2026

Highlights

• Lynas Rare Earths agreed to acquire Meteoric Resources for ~A$968M, gaining access to Brazil's Caldeira ionic-clay heavy rare earth project
• The Trump–Xi summit extended the U.S.-China trade arrangement to January 10, 2027, just nine days after expanded DFARS sourcing restrictions take effect on January 1
• Ex-China prices for dysprosium and terbium oxide are reaching extreme levels, with terbium reported above $12,000/kg in some small deals
• REEx Structural Momentum Index rose to 5.8/10, reflecting incremental Western progress but continued Chinese dominance across separation, metals, alloys and magnets
• Specialty rare earths including samarium, yttrium and gadolinium remain overlooked vulnerabilities; LS Eco Energy plans 240 t/y samarium-metal capacity in Vietnam