SMM Data: China’s Pr-Nd Alloy Output In August And Forecast For September

SHANGHAI, Sep 12 (SMM) – In August 2023, domestic production of Pr-Nd alloy was 5,242 mt, an increase of 3% MoM. The output growth in Gansu, Jiangxi and Inner Mongolia ws more obvious. The output in Zhejiang decreased to a certain extent, and the output in other regions saw less fluctuation than July.

According to SMM's understanding, there are alloy factories in Zhejiang that are affected by equipment maintenance and production. Therefore, the output in Zhejiang decreased by 22% MoM. However, affected by the increase in orders from leading companies in August, the output of Pr-Nd alloy companies in Gansu, Jiangxi and Inner Mongolia increased overall. At the same time, some local smelting companies stated that they must deliver a certain amount of allo before purchasing oxides, and the regional production of Pr-Nd alloy increased significantly. Among them, the output in Gansu and Jiangxi increased by 8% and 7% respectively, and the metal output in Inner Mongolia also increased by 5%.