Reassessment of France’s rare earth element (REE) potential led us to investigate REE behaviour in the black shales of the Middle Ordovician Angers-Traveusot Formation in central Brittany (France). This study focuses on the distribution of nodular grey monazite (up to 200 g/t) within the shales, which formed in response to the diagenetic and low-grade metamorphic evolution of the studied area. Whole rock geochemistry, rock–eval pyrolysis and evolution of clay mineral crystallinity were firstly used to determine temperature and mass transfer conditions in the black shales. Then, monazite texture, composition and U–Pb in-situ dates were determined, and correlated with the diagenetic/anchimetamorphic conditions. Nodular monazite appears in the Ordovician black shales at the transition between high-grade diagenesis and the anchizone metamorphic facies, in response to processes controlled by competing influences such as organic matter maturation, Fe oxide/hydroxide reduction and clay transformation with accompanying fluid release. Monazite occurs mainly as elongated nodules, up to 2 mm in diameter that are characterised by their grey colour caused by an abundance of host-rock mineral inclusions. Monazite nodule compositions are zoned with Nd and middle REE-rich cores surrounded by Ce-rich rims, with no evidence of inherited domains. Ce-monazite also occurs as a replacement of nodular monazite or in late-stage fractures. Zoned nodular grey monazites were dated at ca. 403.6 ± 2.9 Ma, which is proposed to record the high heat flux that led to the anchimetamorphic conditions found at the base of the Angers-Traveusot formation, prior to the Variscan deformation. Crystallisation of the metamorphic Ce-monazite occurred at two periods, dated at 382.6 ± 2.9 Ma and 349.6 ± 6 Ma, which correspond to pre-collisional and collisional tectono-metamorphic stages respectively. Nodular grey monazite constitutes an interesting alternative economic solution because of its very low content in both Th (X¯=2160 ppm) and U (X¯=145 ppm) and negligible radiological impact if mined. However, placers currently display a limited economical interest.