SHNAGHAI, May 9(SMM) - Domestic output of praseodymium-neodymium (Pr-Nd) alloy in April stood at 5,473 mt, up 3.6% on the month. The increase was mainly found in Jiangxi and Inner Mongolia.
The output of PrNd alloy in Inner Mongolia increased by 7% on the month. As some of the metal companies have replaced the damaged production equipment, the average operating rate rose in April.
The output of PrNd alloy in Jiangxi increased by 6% on the month. A few metal enterprises restocked raw material of PrNd oxide and operation returned to full-capacity production. Output of PrNd alloy is expected to remain flat on the month in May.
With the normalisation of pandemic control in the Yangtze River Delta and the Pearl River Delta, motor and terminal enterprises have resumed production and the average operating rate of magnetic material enterprises is expected to increase in May. With small-scale of restocking at magnetic material enterprises before the May Day holiday, it is expected that the demand in PrNd alloy market will grow slightly after the holiday.