Domestic Output of Didymium Oxide in January 2023 Rallied across the Board

SHANGHAI, Feb 9 (SMM) - Domestic output of didymium oxide in January 2023 stood at 5,622 mt, up 9.5% MoM. Output increased across Fujian, Guangdong, Guangxi, Jiangxi, Jiangsu and Shandong to varying degrees.

In December, separation plants and recycling companies cut or suspended production due to year-end maintenance, losses and debugging at new workshops. This exacerbated the shortages of spot supply in the rare earth market, thus pushing up the price of didymium oxide. But at present, most enterprises have resumed normal production in January. The output in Guangdong and Guangxi has increased noticeably, with a MoM growth of 50% and 150%, respectively. The production in Jiangsu has also basically recovered, and its output has increased by about 97% MoM.

The production departments of a small number of enterprises cut output during CNY holidays, and will restart production in February. SMM expects that the output of didymium oxide will increase slightly in February.