China’s Pr-Nd alloy output in October was 5,418 mt, up 0.33% MoM. The increase was mainly contributed by Fujian and Sichuan, while the output in other regions changed little.
According to SMM, most alloy plants aimed to meet year-end replenishing demand from China Northern Rare Earth (Group) High-Tech, leading to shrinking spot Pr-Nd alloy supply. At present, magnetic materials companies find Pr-Nd alloy prices unacceptable due to falling new orders. Therefore, SMM predicted that the Pr-Nd alloy output may inch down.

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