In June, China's production of dysprosium oxide was 214 mt, down 0.6% MoM, with the decline mainly reflected in Guangxi and Jiangsu. Domestic production of terbium oxide was 40.8 mt, flat MoM. Domestic production of gadolinium oxide was 298.9 mt, down 2% MoM, with the decline mainly reflected in Jiangsu and Jiangxi. Domestic production of holmium oxide was 42.9 mt, down 1% MoM, with the decline also mainly reflected in Jiangsu.
In June, China's Pr-Nd oxide output was 7,325 mt, up 3.7% MoM, with the main increase reflected in Inner Mongolia and Guangxi. According to SMM, in June, the output of some separation plants increased, leading to a slight increase in the total output of Pr-Nd oxide. Among them, the output of Inner Mongolia increased by 21% MoM, and that of Guangxi increased by 7% MoM. It is understood that the current supply of Pr-Nd oxide remains relatively sufficient. Many traders have a pessimistic outlook on Pr-Nd oxide prices. While rare earth miners showed a low willingness to sell, downstream demand was poor. It is expected that Pr-Nd oxide output will slightly decrease in July.
In June, China's Pr-Nd alloy output was 5,994 mt, up 1.29% MoM. The overall Pr-Nd alloy output in June held stable, with little change in the operating rates of Pr-Nd alloy plants compared to May.
In July, the shipments of magnetic material plants increased. This is because the end-user market, after two months of wait-and-see stance, had limited raw material inventories and needed to restock. This is expected to bring positive demand for Pr-Nd alloy. It is anticipated that Pr-Nd alloy demand in July will improve compared to June, and Pr-Nd alloy output will slightly increase in July.According to SMM, due to significant profit compression, miners showed a low willingness to sell, making it difficult for separation plants to procure raw materials. Some separation plants in certain regions chose to reduce production. Some miners reported that due to heavy rainfall in Myanmar, frequent landslides occurred, leading local miners to take a break. It is expected that normal mining operations will resume in September. "Source: Shanghai Metals Market"
English