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
+1.4%% in uptrend
33%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 |
$37.45 | +1.96% | −6.3% | −36.2% | −25.9% | −48.5% | 2026-11-05 | |
| LYC.AX Lynas Rare Earths |
Largest non-China rare-earth separator | ASX Australia |
A$13.34 | −4.17% | +15.3% | −19.7% | +7.2% | −39.6% | — | |
| 600111.SS China Northern Rare Earth |
Largest light rare-earth producer | SSE China |
¥36.62 | −0.57% | +5.0% | −16.9% | −20.4% | −41.1% | — | |
| ILU.AX Iluka Resources |
Rare-earth refinery under construction | ASX Australia |
A$6.24 | −2.65% | +16.2% | −12.7% | +8.7% | −26.7% | — | |
| NEO.TO Neo Performance Materials |
Magnet plant in Estonia | TSX Canada |
C$25.51 | −3.48% | 0.0% | −30.5% | +65.7% | −42.3% | 2026-11-10 | |
| USAR USA Rare Earth |
US magnet manufacturing | NASDAQ US |
$8.07 | −2.36% | −21.8% | −59.6% | −32.2% | −73.7% | 2026-11-09 |