This market resolves YES if Sm2O3 Western (CIF Rotterdam) spot price exceeds 25 USD/kg on June 30, 2027.

What is being measured: Samarium oxide (Sm2O3, 3N) spot price in the Western market (CIF Rotterdam or equivalent ex-China Western assessment), USD/kg, on or nearest to June 30, 2027.

YES if: Western Sm2O3 spot price >= 25 USD/kg on June 30, 2027 NO if: Western Sm2O3 spot price < 25 USD/kg on June 30, 2027

Resolution sources (priority order):

Argus REE samarium oxide — CIF Rotterdam or Western assessment

Fastmarkets (ex-Metal Pages) Sm2O3 Western spot assessment

Asian Metal — samarium oxide Western or ex-China prices

SMM samarium oxide Western premium data