Northern Rare Earths 2023 first half performance reduction announcement shows that rare earth market demand in the first half of 2023 is low, mainly attributed to the lack of downstream demand and weak consumption. As for the supply side, the first batch of total rare earth control targets issued by the state increased year-on-year, imports of foreign rare earth raw material products increased, the capacity of recycling and reutilization of rare earth resources was steadily released, and the supply of rare earth products in the market increased steadily.
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