Briefing: Fastmarkets set to launch new rare earth spot prices to capture global trade outside China

Fastmarkets will introduce new spot prices for rare earth elements, effective March 18, 2026. This initiative is designed to reflect the dynamics of global trade in these critical materials.

The new pricing benchmarks will focus on rare earth elements that are essential for technology and energy sectors, addressing a significant gap in market transparency.

By providing independent pricing, Fastmarkets aims to mitigate the current reliance on Chinese pricing mechanisms, potentially reshaping the competitive landscape of the rare earth market.