SHANGHAI, Aug 9 (SMM) - China's output of praseodymium-neodymium (Pr-Nd) oxide in July 2022 stood at 5,750 mt, down 3% MoM. The output reduction mainly comes from Jiangxi, Jiangsu, Fujian, Shandong and other places.
In July, the domestic supply was average, and the demand was relatively weak. At present, the mining of ion-type rare earth ore in China, except in Hunan, is relatively less, while the ore output in Myanmar is gradually increasing, hence domestic traders are highly dependent on the sources from Myanmar. In Jiangsu, the output of praseodymium-neodymium oxide decreased by 6% month-on-month as some raw ore separation enterprises stopped their production in July amid the shortage of ore resources, and the production is expected to resume in August. In Jiangxi, the output also declined by 6%. The production of raw ore separation companies stayed stable, while some scrap separation enterprises slightly reduced their production. The output of praseodymium-neodymium oxide in Shandong and Fujian decreased by 5% and 9% respectively. In July, the demand remained weak. The supply of scrap was insufficient, so the metal factories were less willing to purchase amid the losses.
China's output of praseodymium-neodymium (Pr-Nd) metal in July 2022 stood at 4,895 mt, down 5% MoM. The output mainly declined in Sichuan, Inner Mongolia, Jiangxi and Guangxi.
In July, new orders of magnetic material producers were few, and the rare earth prices were declining, so the demand for praseodymium-neodymium metal remained weak. Orders of metal factories were few, and the cost of electricity increased in summer, hence the output of praseodymium-neodymium metal in Inner Mongolia decreased by 8%. In Baotou, some factories cut their output, but the production of rare earth processing enterprises in the north was temporarily stable. Orders of metal factories in Jiangxi, Guangxi and Chengdu were average, and the output of praseodymium-neodymium metal dropped by 10%, 8% and 43% respectively.