SHANGHAI, Oct 10(SMM) – In September 2023, domestic Pr-Nd alloy production stood at 5,400 mt, a month-on-month increase of 3%. The output growth in Zhejiang and Sichuan was relatively prominent, while that in other regions was basically unchanged from August.
According to SMM, due to the increase in purchases by downstream magnetic material companies, Pr-Nd alloy plants correspondingly increased their operating rates. The month-on-month growth rate of Pr-Nd alloy output in Zhejiang was approximately 12%. While orders were climbing in Sichuan, the production reduction and shutdown of some alloy plants caused by the Universiade also ended, lifting output by 15.5% MoM. Downstream magnetic materials companies reported that downstream order volume was rising after the National Day. It is expected that the output of Pr-Nd alloy will rise on a monthly basis in October.
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