Northern Rare Earth's annual RE raw materials output hits new high
2024-04-19 14:58:35 [Print]
China Northern Rare Earth (Group) High-Tech Co
In 2023, the company produced 16,699.74t of rare earth oxides, 127,387 . 62t of rare earth salts, and 30,799 . 51t of rare earth metals, up by 30 . 24%, 22 . 86% and 26 . 79% year on year respectively . The annual production of magnetic materials and hydrogen storage materials increased by 31 . 32% and 9 . 67% YoY respectively to 49,961 . 25t and 1,803 . 42t, while that of polishing materials declined by 5 . 5% YoY to 26,146 . 68t.
In term of sales, the company sold 28,822.62t of rare earth oxides, 87,244 . 91t of rare earth salts, and 31,051 . 64t of rare earth metals, up by 21 . 5%, 30 . 93% and 30 . 27% year on year respectively . The annual sales of magnetic materials and hydrogen storage materials increased by 35 . 97% and 6 . 18% YoY respectively to 51,131 . 20 tonnes and 1,902 . 97 tonnes, while that of polishing materials declined by 7 . 53% YoY to 25,674 . 81 tonnes.
. , Ltd . produced 174,900 tonnes (REO equivalent) of rare earth smelting and separation products and 779,000 tonnes of rare earth functional materials in 2023, up by 24 . 21% and 15 . 67% respectively from the prior year, with the annual output of RE raw materials and functional materials again hitting a new high.
In 2023, the company produced 16,699.74t of rare earth oxides, 127,387 . 62t of rare earth salts, and 30,799 . 51t of rare earth metals, up by 30 . 24%, 22 . 86% and 26 . 79% year on year respectively . The annual production of magnetic materials and hydrogen storage materials increased by 31 . 32% and 9 . 67% YoY respectively to 49,961 . 25t and 1,803 . 42t, while that of polishing materials declined by 5 . 5% YoY to 26,146 . 68t.
In term of sales, the company sold 28,822.62t of rare earth oxides, 87,244 . 91t of rare earth salts, and 31,051 . 64t of rare earth metals, up by 21 . 5%, 30 . 93% and 30 . 27% year on year respectively . The annual sales of magnetic materials and hydrogen storage materials increased by 35 . 97% and 6 . 18% YoY respectively to 51,131 . 20 tonnes and 1,902 . 97 tonnes, while that of polishing materials declined by 7 . 53% YoY to 25,674 . 81 tonnes.