SMM Analysis: February NdFeB Production Drops 3% MoM Amid Slow Capacity Recovery

[SMM Analysis: February NdFeB Production Down 3% MoM, Market Tug-of-War Between Sellers and Buyers Continues]

In February 2025, domestic NdFeB magnetic material production decreased by approximately 3% MoM, reflecting the combined impact of multiple factors. According to SMM's survey report, after the Chinese New Year holiday, magnetic material enterprises gradually resumed work and production in early February. However, one of the biggest challenges faced during the initial resumption phase was the insufficient employee return rate, which led to a relatively slow recovery in capacity.