Prices of SMM mainstream rare earth permanent magnets

The Office of the Assistant Secretary in the U.S. Department of Defense responsible for industrial infrastructure policy formulation issued an award to E-VAC Magnetic Company through the MCEIP Office, targeting to establish domestic rare earth permanent magnet manufacturing capabilities.

According to the General Administration of Customs, the import volume of rare earth metal ores in August 2023 was 6,396 mt, up 94% YoY and 72% WoW. Imports totaled 47,973 mt from January to April, a year-on-year decrease of 7%.

Prices of SMM mainstream rare earth permanent magnets

Prices of SMM mainstream rare earth permanent magnets

SMM data:Import and export data of rare earth industry chain (unit: mt)

Prices of SMM mainstream rare earth permanent magnets

Prices of SMM mainstream rare earth permanent magnets