Long-term contracts, supply source diversification, investment in recycling technologies: These are just some of the things that will play key roles in thriving within the evolving global metal market by way of proactive planning and data-driven decision-making. Equipped with expert insight and forecasting from SMM, a business can manage the complexities of the market for 2025 and into the future.

The present blog is going to represent the current situation of nickel ore and rare earth markets, challenges brought about by supply chains, and possible solutions which will make metals available to future industries. Further, this presentation also develops market trends, prices, and price forecasting, after integrating views presented by Shanghai Metals Market, or SMM.

According to data from the National Bureau of Statistics (NBS), the national elevator production in November 2023 was 128,000 units, compared to 134,000 units in the same period last year, representing a YoY decrease of 9.2%.

According to data from the National Bureau of Statistics (NBS), the national production of air conditioners in November 2024 reached 19.679 million units, marking a 27% increase compared to the same period last year.

This week, rare earth product prices declined at a rapid pace.

In November 2024, domestic production of Pr-Nd oxide and Pr-Nd alloy showed a slight decline MoM.

In November 2024, the production of dysprosium oxide and terbium oxide increased compared to the previous month, while gadolinium oxide production continued to decline. Meanwhile, holmium oxide production maintained a slight upward trend.  

This week, the rare earth market showed an overall weak trend.

Reviewing November, the prices of Pr-Nd oxide and Pr-Nd alloy both fell by 2.6% within the month, while the price of dysprosium oxide declined at a relatively faster rate, with a decrease of nearly 5%.

In November 2024, the production of dysprosium oxide and terbium oxide increased MoM, while the production of gadolinium oxide continued to decline MoM.