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The recycling angle deserves more weight than it gets. Because Pr/Nd separation is the costly bottleneck, recovered magnets bypass the hardest step entirely. If recycling scales, it could cap upside on neodymium prices even while export controls stay in place. Watch recycled feedstock volumes as a leading indicator for standard solution pricing.
Worth separating hype from timing. A new mineral find is a resource announcement, not near-term tonnage. Buyers of neodymium AAS standards should watch actual mining permits and separation capacity, not headlines. The real cost lever remains the Pr/Nd split, so any ore that skips that step matters more than raw grade alone.