A total of 84 vessels carrying 12.31 million mt of iron ore arrived at major Chinese ports during April 11-17, SMM estimates. This was down 890,000 mt from the previous week, and basically flat from the same period last year.

rades in the rare earth market further thinned. On prices, prices of upstream magnetic materials, including praseodymium, neodymium, terbium, dysprosium, gadolinium and holmium, declined to varying degrees. The quotations of products such as lanthanum, cerium, samarium, europium, and gadolinium stabilised.

Domestic installed capacity of motive power battery was 9.0GWH  in March, up 224.8% year-on-year and 61.3% month-on-month.

According to China Northern Rare Earth (Group) High-Tech (High-Tech), the net profit attributable to shareholders of the world‘s largest supplier of light rare earth products in 2020 totalled 833 million yuan, a year-on-year increase of 35.1%. Operating income stood at 21.25 billion yuan, up 17.43% year-on-year; basic earnings per share were 0.2303 yuan, up 35.1% year-on-year. In 2021, the company plans to achieve operating income of 22 billion yuan with a total profit of 1 billion yuan.

SMM has adjusted the sample size of zinc concentrate enterprises to 147 companies in January.