China’s Pr-Nd alloy output in November was 5,511 mt, up 1.7% MoM. The increase was mainly contributed by Fujian, Inner Mongolia and Zhejiang, while the output in other regions changed little.
According to SMM, some alloy plants in Inner Mongolia and Zhejiang kept increasing their operating rate to meet year-end replenishing demand from China Northern Rare Earth (Group) High-Tech. In Fujian, alloy plants who produced dysprosium-iron alloy and terbium metal were at a loss, and demand was soft. Therefore, furnaces that were originally used to produce dysprosium-iron alloy and terbium metal were used to produce Pr-Nd alloy, making for a 16% gain in local Pr-Nd alloy output.
