China Bans Rare Earth Metal Exports - How To Invest In REEs
List of rare earth metal miners and processing companies.
Stock List
VanEck Rare Earth and Strategic Metals ETF
Ticker: REMX
Market Cap / NAV: ~$260 million
Summary: Offers diversified exposure to rare earths and strategic metals. Top holdings include rare earth miners (CNREHT, Lynas, MP Materials) and lithium/titanium companies (Albemarle, SQM, Pilbara). Includes significant Chinese exposure.
MP Materials
Ticker: MP (NYSE)
Market Cap: ~$4 billion
Summary: Largest rare earth producer in the Western Hemisphere. Operates the Mountain Pass mine in California and is building a magnet manufacturing facility in Texas. Vertically integrating mining and magnet production; magnet output expected by late 2025. Supported by U.S. government incentives.
Lynas Rare Earths
Ticker: LYC (ASX)
Market Cap: ~$8.5 billion
Summary: Largest rare earth producer outside China. Operates Mt Weld mine (Australia) and processing in Malaysia. Building $3.2B U.S. processing facilities in Texas (targeting 2026). Received ~$300M U.S. government support.
Energy Fuels
Ticker: UUUU (NYSE American)
Market Cap: ~$1 billion
Summary: Primarily a uranium company. Repurposed mill in Utah to process rare earths. Has rare earth feedstock projects in Brazil, Madagascar, and Australia. Donald Project in Australia (JV) may begin production in 2026.
Iluka Resources
Ticker: ILU (ASX)
Market Cap: ~$1 billion
Summary: Established mineral sands producer (zircon/titanium). Diversifying into rare earths. Building a refinery in Western Australia with a $1.6B loan from the Australian government. Refinery commissioning in 2026; Balranald mine to supply feedstock in late 2025.
USA Rare Earth
Ticker: USAR (Nasdaq)
Market Cap: ~$1 billion
Summary: Owns 80% of the Round Top rare earth deposit in Texas. Developing a U.S. magnet manufacturing facility, with the first production line expected in 2026. Vertically integrated U.S. supply chain under development.
Arafura Rare Earths
Ticker: ARU (ASX)
Market Cap: ~$430 million
Summary: Developing the Nolans Project in Northern Territory, Australia. Plans include a mine, beneficiation, extraction, and separation all onsite. Permitted and offtake agreements in place; needs $600–$700M more financing. Potential startup around 2027–2028.
Hastings Technology Metals
Ticker: HAS (ASX)
Market Cap: ~$55 million
Summary: Owns 40% of Yangibana project in Western Australia (JV with Wyloo Metals). First production expected in 2024; rare earth carbonate production targeted for 2026. Brought in an experienced partner to increase chances of success.
Pensana
Ticker: PRE (LSE)
Market Cap: ~$160 million
Summary: Developing a rare earth mine in Angola and a separation facility in the UK. Angola construction underway; production expected by late 2026. UK facility timeline pending Angola’s completion.
VHM Limited
Ticker: VHM (ASX)
Market Cap: ~$60 million
Summary: Developing the Goschen Project in Victoria, Australia, combining mineral sands and rare earths. First production expected Q4 2026 with eventual 5ktpa capacity.
Ionic Rare Earths
Ticker: IXR (ASX)
Market Cap: ~$36 million
Summary: Developing a rare earths project in Uganda. Demo unit successfully produced mixed rare earths in March 2024. Awaiting financing and offtakers to proceed. Also working on a Belfast-based magnet recycling facility with potential 2027 launch.
Neo Performance Materials
Ticker: NEO (TSX)
Market Cap: ~$480 million
Summary: Diversified producer with significant rare earth exposure. Operates Europe’s only active rare earth separation plant in Estonia. Building a magnet plant to supply 1.5M EVs by 2026. Delivered 18,000 magnet parts in April 2025. No mining risk, focus on value-added production.