This market resolves YES if Sm metal (Western) spot price exceeds 200 USD/kg on October 31, 2026.

What is being measured: Samarium metal (Sm, 99%+ purity) spot price in the Western market (ex-China Western assessment), USD/kg, on or nearest to October 31, 2026.

YES if: Western Sm metal spot price >= 200 USD/kg on October 31, 2026 NO if: Western Sm metal spot price < 200 USD/kg on October 31, 2026

Resolution sources (priority order):

Argus REE samarium metal — Western assessment

Asian Metal — samarium metal Western or ex-China prices

Fastmarkets (ex-Metal Pages) Sm metal Western spot

SMM samarium metal Western assessment