In November 2023, the domestic production of praseodymium neodymium oxide was 6228 tons, a decrease of 1.5% compared to the previous month, mainly concentrated in Guangxi and Jiangxi regions. The domestic production of praseodymium neodymium metal reached 5511 tons, a month on month increase of 1.7%. The production growth in Fujian, Inner Mongolia, and Zhejiang regions is relatively significant, while the production in other regions is basically the same as in October.
According to research, the price of praseodymium neodymium oxidehas continued to decline recently, with inquiries and transactions remaining quiet. The production of some separation plants has slightly declined, and the month on month decrease in praseodymium neodymium oxidehas cproduction in Guangxi has reached 25%. In November, some separation enterprises in Jiangxi region began to suspend production for maintenance, resulting in a 6% month on month decrease in local praseodymium neodymium oxide production. As the end of the year approaches, some separated enterprises need to catch up with production progress, and even slightly increased production in November. Among them, the production ofpraseodymium neodymium oxidehas c in Guangdong region increased by 18.5% month on month.
Northern Rare Earth is still carrying out year-end replenishment, with some metal factories in Inner Mongolia and Zhejiang supplying praseodymium neodymium metal to Northern Rare Earth, and its operating rate continues to increase. At the same time, metal factories in Fujian region have used furnaces to produce praseodymium neodymium metal due to severe cost inversion of raw materials and weak market demand, resulting in a 16% month on month increase in local praseodymium neodymium metal production.
Post time: Dec-13-2023