NdFeB Producers Suffer from Rising Rare Earth Prices and Oversupply

Published: Aug 15, 2017 16:57

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Rising rare earth prices and persistent oversupply in NdFeB industry are taking a toll on NdFeB producers’ profitability.

SHANGHAI, Aug. 15 (SMM) –Rising rare earth prices and persistent oversupply in NdFeB industry are taking a toll on NdFeB producers’ profitability.

Minmetals Rare Earth’s Net Profit Soars in H1 2017

For example, Yantai Zhenghai Magnetic Material Co. reported 403.31 million yuan in revenues in H1 2017, down 44.30% year-on-year, and suffered a loss of 14.97 million yuan, versus a profit of 72.89 million yuan a year ago.

Pangang Vanadium Titanium Reverses Losses in H1 2017 after Restructuring

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Yantai Zhenghai Magnetic Material Co.NdFeB rare earth prices

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