Seminar in Lulong County Promotes Rare Earth Corrosion-Resistant Steel and Green Steel Industry Transformation

[Stalemate Between Upstream and Downstream Persists, Metal Transactions Are Weak, and Magnetic Materials Enter High-Temperature Off-Season] Yesterday, NdFeB blank quotes were slightly lowered, primarily because raw material prices drove down NdFeB prices. In terms of transactions, as July drew to a close, regions across China experienced high temperatures, and motor factories and end-users gradually began their high-temperature holidays. The operating rates of motor factories and end-users weakened significantly, reducing demand for rare earth permanent magnets, which ultimately led to persistently sluggish trading activity in the NdFeB market.

[SMM Rare Earth Flash] According to the SMM survey, in July 2026, the industry-wide blank production of NdFeB was 32,017 mt, with an average operating rate of 74.9%, down 3% MoM and up 1.5% YoY. Production in August 2026 is expected to be 32,864 mt, up 2.65% MoM. Overall, in July, producers showed varied output performance, with top-tier producers' output remaining stable, while mid-tier and other enterprises experienced a notable pullback due to the impact of downstream operating rates. In August, driven by downstream customers' rush to boost output in September, NdFeB producers generally hold an optimistic attitude.