China / Australia / US · Materials
Rare Earths & Magnets
China controls most rare-earth separation and magnet production and has used export licensing. Every motor, robot and drone depends on it.
Mine→Separation→Metal→Magnet
86
Tightness score ⓘ
#5 of 56
▲ Tightening
Lead time
36–72 mo
Theme 1M
−20.2%% in uptrend
0%Metric to watch
China export licence data, NdPr prices, and non-China magnet plant commissioning.
What would prove us wrong
Weakens if non-China separation and magnet plants reach nameplate on schedule.
Magnets theme performance
Equal-weight · rebased 100 · 1YStocks we track
Who controls this bottleneck
Roles, not recommendations. Delayed prices; local currency.
| Stock | Role | Listing | Last | 1D | 1M | 3M | YTD | Off 52w high | Trend | Next earnings |
|---|---|---|---|---|---|---|---|---|---|---|
| MP MP Materials |
US rare-earth mine and magnet plant | NYSE US |
$37.87 | −1.12% | −22.4% | −8.3% | −25.0% | −47.9% | 2026-11-05 | |
| LYC.AX Lynas Rare Earths |
Largest non-China rare-earth separator | ASX Australia |
A$11.27 | +5.23% | −20.8% | −20.1% | −9.4% | −48.9% | — | |
| 600111.SS China Northern Rare Earth |
Largest light rare-earth producer | SSE China |
¥36.29 | −0.66% | −1.2% | −7.8% | −21.1% | −41.7% | — | |
| ILU.AX Iluka Resources |
Rare-earth refinery under construction | ASX Australia |
A$5.07 | +2.22% | −13.6% | −15.4% | −11.7% | −40.5% | — | |
| NEO.TO Neo Performance Materials |
Magnet plant in Estonia | TSX Canada |
C$24.83 | +1.93% | −23.3% | −34.8% | +61.2% | −43.8% | 2026-11-10 | |
| USAR USA Rare Earth |
US magnet manufacturing | NASDAQ US |
$9.12 | −2.30% | −40.0% | −35.2% | −23.4% | −70.3% | 2026-11-05 |