Business
Recent Rare Earth Price Increases Continue to Enhance Ucore's Refining Strategy
Halifax, Nova Scotia--(Newsfile Corp. - February 23, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on recent price increases for a number of rare earth elements, in addition to the significant bifurcation of pricing inside of China versus outside of pricing. On April 4, 2025, China imposed export controls on seven heavy rare earth elements— including dysprosium, terbium, samarium and gadolinium- with related oxides, metals, and...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Halifax, Nova Scotia--(Newsfile Corp. - February 23, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on recent price increases for a number of rare earth elements, in addition to the significant bifurcation of pricing inside of China versus outside of pricing.","length":344,"tagName":"p"},{"type":"text","content":"On April 4, 2025, China imposed export controls on seven heavy rare earth elements— including dysprosium, terbium, samarium and gadolinium- with related oxides, metals, and permanent magnets. These restrictions, aimed at strengthening oversight of critical, dual-use materials, require exporters to obtain licenses, impacting global supply chains in electronics, defense, and EV industries and remain in place today.","length":416,"tagName":"p"},{"type":"text","content":"As a result, dysprosium oxide prices in China recently increased to over $200 per kg, with ex-China pricing more than 5 times that, at $1,000/kg. Terbium oxide has increased to $900/kg in China, with prices over $4,500 per kg outside of China. The significant price discrepancies for rare earths inside China versus the rest of the world are most pronounced for these heavy rare earths, reflecting the lack of supply of these critical materials.","length":445,"tagName":"p"},{"type":"text","content":"With respect to light rare earth oxides, praseodymium-Neodymium Oxide recently increased to the $120 per kg range in China and as high as $140 per kg in North America.","length":167,"tagName":"p"},{"type":"text","content":""These price differentials, particularly for the heavy rare earth elements, on which the US Department of War (DoW) has funded Ucore to focus, underscore the importance of the developing North American supply chain," said Pat Ryan, Chairman and CEO of Ucore. "While markets remain dynamic, the emergence of premium pricing for secure, Western-aligned supply supports the long-term fundamentals underlying our commercial strategy. Capturing the margin upside with a first mover refining strategy centered on the Louisiana SMC at this early stage, is a smart approach."","length":588,"tagName":"p"},{"type":"text","content":"Ucore is advancing its RapidSX™ separation technology platform and planned commercial processing facilities in North America with a...