Northern Rare Earth Q1 production reaches all-time high
2024-06-26 13:33:00 [Print]
China Northern Rare Earth (Group) High-Tech Co., Ltd. achieves all-time high production of rare earth smelting and separation products, rare earth metals and functional materials in the first quarter of 2024.
During the first quarter, the company produced 4,276.93t of rare earth oxides, up by 6.11% YoY, 36,987.51t of rare earth salts, up by 22.79% YoY, 7,706.80t of rare earth metals, up by 22.25% YoY. The Q1 production of magnetic materials was 11,653.16t, up by 21.16% YoY, and that of polishing materials and hydrogen storage materials increased by 21.16% and 3.71% YoY respectively to 5,965.08t and 410.37t.
In term of sales, the company sold 6,699.24t of rare earth oxides, 20,981.82t of rare earth salts, and 7,730.92t of rare earth metals, up by 23.29%, 24.74% and 13.88% year on year respectively. The Q1 sales of magnetic materials reached 11,025.36t, up by 11.37% YoY, and that of polishing materials increased by 20.93% YoY to 5,801.24t, with hydrogen storage materials sales rising by 19.63% YoY to 404.33t.
During the first quarter, the company produced 4,276.93t of rare earth oxides, up by 6.11% YoY, 36,987.51t of rare earth salts, up by 22.79% YoY, 7,706.80t of rare earth metals, up by 22.25% YoY. The Q1 production of magnetic materials was 11,653.16t, up by 21.16% YoY, and that of polishing materials and hydrogen storage materials increased by 21.16% and 3.71% YoY respectively to 5,965.08t and 410.37t.
In term of sales, the company sold 6,699.24t of rare earth oxides, 20,981.82t of rare earth salts, and 7,730.92t of rare earth metals, up by 23.29%, 24.74% and 13.88% year on year respectively. The Q1 sales of magnetic materials reached 11,025.36t, up by 11.37% YoY, and that of polishing materials increased by 20.93% YoY to 5,801.24t, with hydrogen storage materials sales rising by 19.63% YoY to 404.33t.
