Catalyst calendar

The repricing schedule is mostly public if you actually look at it.

July 2026

  • 30mediumEarningsMPMP Materials Q2 2026 earningsFirst read on NdFeB magnet ramp and mid-2026 Mountain Pass Dy/Tb commissioning — the heavy-RE step that gates motor-grade magnet output for humanoid joints.

August 2026

  • 10mediumEarningsUSARUSA Rare Earth Q2 2026 earningsTests the Stillwater sintered-NdFeB ramp toward 600 t/yr and progress on the Serra Verde heavy-RE acquisition that would secure Dy/Tb feed for compliant magnets.

November 2026

  • 10highPolicyChina's one-year suspension of October 2025 rare-earth export controls expiresIf the extraterritorial magnet/heavy-RE controls snap back, every humanoid program relying on ~90% Chinese NdFeB faces licensing risk, repricing scarce ex-China supply.

January 2027

  • 01highPolicyDFARS 252.225-7052 ban on Chinese-melted/fabricated NdFeB and SmCo magnets in defense systems takes effectFrom Jan 1, 2027, DFARS 252.225-7052 bars DoD from acquiring NdFeB/SmCo magnets melted or subsequently fabricated in China — tightening demand for ex-China magnet supply (MP, USA Rare Earth). The rule targets the melt-and-downstream steps, not all Chinese content.