JL MAG sees strong Q1 growth in magnet production and sales
2025-04-28 14:46:39 [Print]
In the first quarter of 2025, JL MAG Rare-Earth Co., Ltd. achieved operating revenue of about 1.75 billion yuan (241 million US dollars), an increase of 14.19% year-on-year.
During the period, the company's newly added production capacity was further released, with a capacity utilization rate exceeding 90%. The company produced approximately 8,770 tonnes of magnet blanks and about 6,600 tonnes of finished magnets in Q1, while finished magnets sales reached around 6,024 tonnes, all representing over 40% growth compared to the same period last year.
During the period, the company's newly added production capacity was further released, with a capacity utilization rate exceeding 90%. The company produced approximately 8,770 tonnes of magnet blanks and about 6,600 tonnes of finished magnets in Q1, while finished magnets sales reached around 6,024 tonnes, all representing over 40% growth compared to the same period last year.
Neodymium Metal 99%min FOB China
Unit:USD/kg
China's neodymium metal producers' number MoM output increase statistics by province by month
Unit: pcs
