SHANGHAI, Mar 9 (SMM) – Domestic output of PrNd alloy in February 2023 stood at 5,244 mt, up 0.4% MoM.
Sichuan accounted for most of the output growth, while the output in Jiangsu decreased slightly. Output in other regions changed little compared with January.
In February, the price of PrNd alloy remained on the downswing.
After the CNY holiday, the orders of downstream magnetic material enterprises remained sluggish. Most of them mainly worked through existing inventories.
However, considering that the reduction and shutdown of production will cause great losses to metal manufacturers, metal factories mostly maintained normal production despite the weak market. Some manufacturers even reported output growth. The output in Sichuan grew by 7.5% month on month.
SMM predicts that the output of PrNd alloy may continue to increase slightly in March 2023.
![Ore-side prices edged up slightly, Pr-Nd consolidated in a stalemate, and scrap rose first then stabilized [SMM Recycled Rare Earth Weekly Review]](https://imgqn.smm.cn/usercenter/tXtym20251217171745.jpeg)
![Giá quặng tăng nhẹ, Pr-Nd đi ngang, đất hiếm nặng trung bình phân hóa [SMM Điểm tin đất hiếm tuần]](https://imgqn.smm.cn/usercenter/fpsaU20251217171745.jpeg)
![Pr-Nd ổn định và phục hồi trên thị trường đất hiếm, xu hướng đất hiếm trung nặng phân hóa [SMM Đánh giá hàng ngày đất hiếm]](https://imgqn.smm.cn/usercenter/iUuCJ20251217171744.jpeg)
