In November 2024, domestic production of Pr-Nd oxide and Pr-Nd alloy continued to see a slight decrease MoM. The reduction in Pr-Nd oxide production was mainly observed in Sichuan and Jiangxi, while the reduction in Pr-Nd alloy production was primarily in Sichuan.
According to the SMM survey, environmental protection inspections began in Sichuan in November, leading to reduced or halted production at some separation and metal plants. This situation is expected to continue until January. Additionally, some scrap recycling enterprises experienced varying degrees of increased or resumed production, resulting in a higher proportion of Pr-Nd oxide output from scrap recycling.
Throughout November, Pr-Nd prices declined, with demand remaining weak. Most industry participants have a pessimistic price outlook for Pr-Nd.
