NdFeB Production Drops in July 2026, Expected to Rise in August Amid Optimism

Published: Jul 31, 2026 09:13

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[SMM Rare Earth Flash] According to the SMM survey, in July 2026, the industry-wide blank production of NdFeB was 32,017 mt, with an average operating rate of 74.9%, down 3% MoM and up 1.5% YoY. Production in August 2026 is expected to be 32,864 mt, up 2.65% MoM. Overall, in July, producers showed varied output performance, with top-tier producers' output remaining stable, while mid-tier and other enterprises experienced a notable pullback due to the impact of downstream operating rates. In August, driven by downstream customers' rush to boost output in September, NdFeB producers generally hold an optimistic attitude.

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[SMM Rare Earth Flash] According to the SMM survey, in July 2026, the NdFeB industry's total blank production was 32,017 mt, with an average operating rate of 74.9%, down 3% MoM and up 1.5% YoY. August 2026 production is expected to reach 32,864 mt, up 2.65% MoM. Overall, in July, performance varied among producers: top-tier output remained stable, while mid-tier and other enterprises were significantly pulled back due to the impact of downstream operating rates. In August, driven by the downstream rush in September, NdFeB producers are generally optimistic.

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