The Moon has a magmatic and thermal history that is distinct from that of the terrestrial planets¹. Radioisotope dating of lunar samples suggests that most lunar basaltic magmatism ceased by around 2.9–2.8 billion years ago (Ga)^2,3, although younger basalts between 3 Ga and 1 Ga have been suggested by crater-counting chronology, which has large uncertainties owing to the lack of returned samples for calibration^4,5. Here we report a precise lead–lead age of 2,030 ± 4 million years ago for basalt clasts returned by the Chang’e-5 mission, and a ²³⁸U/²⁰⁴Pb ratio (µ value)⁶ of about 680 for a source that evolved through two stages of differentiation. This is the youngest crystallization age reported so far for lunar basalts by radiometric dating, extending the duration of lunar volcanism by approximately 800–900 million years. The µ value of the Chang’e-5 basalt mantle source is within the range of low-titanium and high-titanium basalts from Apollo sites (µ value of about 300–1,000), but notably lower than those of potassium, rare-earth elements and phosphorus (KREEP) and high-aluminium basalts⁷ (µ value of about 2,600–3,700), indicating that the Chang’e-5 basalts were produced by melting of a KREEP-poor source. This age provides a pivotal calibration point for crater-counting chronology in the inner Solar System and provides insight on the volcanic and thermal history of the Moon.

Unravelling the volcanic history of the enigmatic lunar farside is essential for understanding the hemispheric dichotomy of the Moon^1–3. Cratering chronology established for the lunar nearside has been used to suggest long-lived volcanism on the farside of the Moon^3,4 but without sample verification. We describe two episodes of basaltic volcanism identified by Pb–Pb dating of basalt fragments returned by the Chang’e-6 mission. One high-Al basalt fragment, dated at 4,203 ± 4 million years ago (Ma), has a source ²³⁸U/²⁰⁴Pb ratio (µ value) of approximately 1,620, implying a KREEP-rich (K, rare earth elements and P) source for this oldest-known example of basaltic volcanism among returned samples. The main volcanic episode of the Chang’e-6 basalt documents a surprisingly young eruption age of 2,807 ± 3 Ma, which has not been observed on the nearside of the Moon. The initial Pb isotope compositions of these younger basalts indicate a derivation from a source with a µ value of approximately 360, indicating a KREEP-poor mantle source. Mare volcanism on the lunar farside thus persisted for over 1.4 billion years, even if the source was depleted in heat-producing elements. The consistency between the 2.8-billion-year basalt age and the crater-counting age indicates that the cratering chronology model established for the lunar nearside is also applicable to the farside of the Moon.

The history of mare volcanism critically informs the thermal evolution of the Moon. However, young volcanic eruptions are poorly constrained by remote observations and limited samples, hindering an understanding of mare eruption flux over time. The Chang’e-5 mission returned the youngest lunar basalts thus far, offering a window into the Moon’s late-stage evolution. Here, we investigate the mineralogy and geochemistry of 42 olivine and pyroxene crystals from the Chang’e-5 basalts. We find that almost all of them are normally zoned, suggesting limited magma recharge or shallow-level assimilation. Most olivine grains record a short timescale of cooling. Thermal modeling used to estimate the thickness and volume of the volcanism sampled by Chang’e-5 reveals enhanced magmatic flux ~2 billion years ago, suggesting that while overall lunar volcanic activity may decrease over time, episodic eruptions at the final stage could exhibit above average eruptive fluxes, thus revising models of lunar thermal evolution.

The evolution of the lunar magnetic field can reveal the Moon’s interior structure, thermal history, and surface environment. The mid-to-late-stage evolution of the lunar magnetic field is poorly constrained, and thus, the existence of a long-lived lunar dynamo remains controversial. The Chang’e-5 mission returned the heretofore youngest mare basalts from Oceanus Procellarum uniquely positioned at midlatitude. We recovered weak paleointensities of ~2 to 4 microtesla from the Chang’e-5 basalt clasts at 2 billion years ago, attesting to the longevity of the lunar dynamo until at least the Moon’s midstage. This paleomagnetic result implies the existence of thermal convection in the lunar deep interior at the lunar midstage, which may have supplied mantle heat flux for young volcanism.