SEPTEMBER 18, 2026 • 07:30 CDT
Market Dashboard
Research checked: Sep 18, 2026 • 07:30 CDT
Daily research check completed
No material new verified development identified in the last 72 hours as of 07:30 CDT on 2026-09-18.
View Strategic Metals Monitor
Reference Futures & Spot Prices
Last verified values retained • Not refreshed this research check • Verify before use
Commodity Contract Price 24h 7d Signal
Tungsten (WO₃) APT, Europe $342 / mtu +4.2% +11.8% Strong buying
Cobalt LME, 99.8% $28,450 / tonne -2.8% -7.4% DRC risk
Nickel LME 3M $15,875 / tonne +1.4% +3.9% Stable
Molybdenum Ferro-moly 65% $48.50 / lb +3.1% +9.2% Strong demand
Vanadium V₂O₅, China $4.85 / lb -1.9% +2.4% Quiet
Market Developments Last 72 hours
No material new verified development identified in the last 72 hours as of 07:30 CDT on 2026-09-17.
Policy & Export Controls
China's rare-earth export controls (Announcement No. 61) remain suspended but are scheduled to be reintroduced on November 10, 2026 unless extended or withdrawn. Under the framework, licensing could apply to foreign-made products containing specified Chinese-origin rare-earth materials above thresholds, products made using covered Chinese rare-earth technology, and products incorporating controlled items.
Source: Fastmarkets, published Sep 10, 2026; GlobalNewsWire industry release, published Sep 14, 2026. Sourced third-party reporting; no primary government document verified during this run.
Separately reported: additional controls covering holmium, erbium, thulium, europium and ytterbium are scheduled to take effect on November 10, 2026, with enforcement shifting toward entity-level scrutiny.
Source: GlobalNewsWire industry release, published Sep 14, 2026. Third-party reporting; not verified against a primary document.
Strategic Metals Monitor Research checked as of 07:30 CDT on 2026-09-18
Rare Earths (Nd, Pr, Dy, Tb, La, Ce, Y, Gd)
Dysprosium oxide 99.5%, ex-whs Rotterdam assessed at $1,250–1,675 per kg, versus $270–330 per kg fob China, as of the week of Aug 27, 2026 from Fastmarkets. Terbium oxide 99.99% ex-whs Rotterdam traded at about 3.8x the Chinese price.
China's export controls on heavy rare earths (introduced Apr 4, 2025) are scheduled for reintroduction on Nov 10, 2026, per Fastmarkets (published Sep 10, 2026).
Prices: as of the week of Aug 27, 2026 from Fastmarkets. Policy: published Sep 10, 2026 from Fastmarkets. No newer verified public price was identified for Nd, Pr, La, Ce, Y or Gd this run.
Molybdenum
Molybdenum prices averaged $71,467 per metric tonne in August 2026, up 6.9% from July, as of August 2026 from FocusEconomics (published Sep 10, 2026). Molybdenum is not an LME-traded contract.
Source: FocusEconomics, published Sep 10, 2026. No independently verified output or steel/superalloy demand figure was confirmed this run.
Tin
LME tin last traded at $54,866 per tonne on the week of Sep 1–4, 2026, down 0.6% week-on-week, with exchange stocks at 5,470 mt (-80 mt), as of the week of Sep 4, 2026 from LME Insight. Prices later retreated to $55,030 per tonne, up over 35% year-to-date, as of Sep 8, 2026 from The Hindu BusinessLine.
Tin stocks remain low on the LME and SHFE, with demand described as resilient across manufacturing, semiconductor and AI-related sectors (The Hindu BusinessLine, published Sep 8, 2026).
Prices: as of the week of Sep 4, 2026 from LME Insight; and as of Sep 8, 2026 from The Hindu BusinessLine.