China's output of PrNd alloy in May 2023 stood at 4,948 mt, down 5% MoM. Output in Jiangxi, Inner Mongolia, Shandong and Sichuan fell to varying degrees, while production in other regions changed little compared with April.
Most of the PrNd alloy factories produced based on sales. In May, the orders of rare earth downstream magnetic material enterprises continued to be poor. Under this circumstance, the purchase volume and inquiries of rare earth metal remained at a low level.
The output of PrNd alloy factories thus decreased. Among them, the output in Shandong decreased by 16.7% month-on-month, and the output in Jiangxi decreased by 13% month-on-month; the output in Sichuan and Inner Mongolia fell 7% and 2% respectively.
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