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Recently, according to a report from the Baotou City Industry and Information Technology Bureau, in February 2025, among the 36 key industrial products monitored in Baotou City, 19 products, including aluminum, copper, and neodymium metal, saw price increases month-on-month, while 2 products, such as monocrystalline silicon and photovoltaic modules, maintained stable prices, and 15 products, including pig iron, polypropylene, and magnesium, experienced price declines. Year-on-year, 11 products, such as aluminum, hydrogen fluoride, and praseodymium-neodymium metal, recorded price increases, while 25…

Recently, Northern Rare Earth issued an announcement stating that, to further enhance the quality and efficiency of its technological achievements transformation, improve the allocation efficiency of scientific and technological resources, and strengthen its innovation capabilities, the company plans to invest 73.3645 million yuan to implement the Wet Smelting and Inorganic Functional Materials Pilot Base Construction Project. According to the announcement, the project will be located within the premises of the Northern Rare Earth Smelting Branch; it will cover a total…

Molybdenum market update on March 14, 2025 This week, the domestic molybdenum market has continued to exhibit a relentless downward trend, with the decline in prices of numerous molybdenum products slightly larger than last week. The price of molybdenum concentrate, for instance, has dropped from approximately 3,480 yuan/ton-degree to around 3,350 yuan/ton-degree. This is primarily attributed to strong downward pressure from steel companies on molybdenum iron prices, recent fluctuations and declines in international molybdenum prices, and a heightened willingness among…

Rare earth market update on March 14, 2025 This week, the domestic rare earth market has shown an overall slight upward trend, primarily due to the difficulty in increasing spot supply in the market and a heightened enthusiasm for inquiries and procurement from downstream users. According to China Tungsten Online, the price of praseodymium-neodymium oxide has risen by approximately 4,000 yuan/ton compared to last week, an increase of 0.90%; the price of praseodymium-neodymium metal has increased by about 5,000 yuan/ton,…