The Chinese Neodymium market registered a modest uptick in July ****, as supply-side constraints offset seasonal demand softness. Average Neodymium oxide prices rose approximately *.*** month-on-month, while praseodymium-neodymium metal increased *.*** from June. The price advance was underpinned by a notable supply contraction, with Pr-Nd oxide production declining *** month-on-month due to simultaneous production cuts at ore separation and scrap recycling enterprises. Some separation plants proactively halted operations pending policy guidance, while the recycling segment faced intensified pressure from price inversion between scrap and product selling prices.
Demand dynamics presented a mixed picture. While offshore-wind and robotics sectors maintained steady offtake, the broader magnet material segment entered its traditional summer lull, with motor factories initiating heat-related production slowdowns and reducing permanent magnet orders. Spot market inquiry activity remained subdued, with magnetic material enterprises primarily digesting long-term contracts. Market participants now await the traditional "September-October peak season" for rare earth...
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