Polymetallic Plant Expansion: Pr-Nd Production Increased MoM in February [SMM Analysis]

Published: Feb 28, 2025 21:26

Save

[SMM Analysis: Multi-Metal Plants Expand Production, Pr-Nd Production Increased MoM in February] In February 2025, domestic production of Pr-Nd oxide saw a significant increase compared to the previous month. This upward trend was also reflected in the production of Pr-Nd alloy, which experienced a substantial MoM increase as well. The main growth areas for Pr-Nd oxide were concentrated in Jiangxi, Sichuan, and Shandong, while the production growth of Pr-Nd alloy was more widely distributed across Jiangxi, Sichuan, Inner Mongolia, and Zhejiang.

SMM February 21 News: In February 2025, the domestic production of Pr-Nd oxide saw a significant increase compared to the previous month. This growth trend was also reflected in the production of Pr-Nd alloy, which experienced a substantial rise MoM. The main growth regions for Pr-Nd oxide were concentrated in Jiangxi, Sichuan, and Shandong, while the production increase of Pr-Nd alloy was more widely distributed across Jiangxi, Sichuan, Inner Mongolia, and Zhejiang.

According to an SMM survey, production activities fully resumed in February after being suspended in January due to maintenance shutdowns. Meanwhile, with the market holding an optimistic outlook on the future trend of Pr-Nd oxides, most separation plants raised their operating rates and fully committed to production. This positive market sentiment and production enthusiasm directly drove the MoM growth rate of Pr-Nd oxide production in February to exceed 7%, showcasing the vitality and potential of the industry.

》Apply for a Free Trial of the SMM Metal Industry Chain Database

In the metals sector, this year’s developments are particularly noteworthy. It is reported that most metal plants have formulated expansion plans to further scale up production and meet market demand. Currently, with most industry participants holding high expectations for downstream demand, leading metal enterprises are operating at full capacity. This production enthusiasm and market demand directly pushed the MoM growth rate of Pr-Nd alloy production in February to exceed 8%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals

On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas. The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country. The regulation is set to take effect on April 3.

4 hours ago

6 hours ago

Rare Earth Prices Fluctuated Relatively Little, While Downstream Procurement Demand Remained Weak [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Rare Earth Prices Saw Relatively Small Fluctuations, While Downstream Procurement Demand Remained Weak] The Pr-Nd oxide market was relatively calm this week. Demand from downstream metal plants was sluggish, but upstream supply also remained tight. Suppliers were unwilling to make shipments at low prices, and the back-and-forth negotiations between upstream and downstream remained in a stalemate. Pr-Nd oxide prices saw small fluctuations to 710,000-715,000 yuan/mt.

6 hours ago

7 hours ago

Energy Fuels Produces First Terbium Oxide in US, Boosting Domestic Rare Earth Supply Chain

US rare earth producer Energy Fuels announced that its White Mesa mill in Utah has successfully produced its first batch of terbium oxide with a purity of 99.9. This marks the first time in decades that the US has produced this heavy rare earth element from primary mineral raw materials, using monazite mined in Florida and Georgia. The company had previously trial-produced dysprosium oxide at the facility and is expected to expand heavy rare earth capacity in the coming years. It is estimated that upon completion of the second-phase expansion in 2029, the White Mesa mill will have the annual capacity to produce dysprosium oxide (288 mt), terbium oxide (80 mt), and Pr-Nd oxide (6,000 mt), supporting the development of a domestic rare earth supply chain in the US.

7 hours ago