MCS 2026 sheet
Rare earths (REE)
Final 2025 CMLMountain Pass (CA) dominates U.S. concentrate. Separation still largely offshore. Individual REEs on the 2025 CML: Ce, Dy, Er, Eu, Gd, Ho, La, Lu, Nd, Pr, Sm, Sc, Tb, Tm, Yb, Y.
U.S. production 2025
43,000
metric tons REO
U.S. value
$260M
price -12%
World production
390,000
metric tons REO
Net import reliance
80%
China / Malaysia (separated)
Primary uses
Magnets, catalysts, polishing, defense