Northern Rare Earths 2023 first half performance reduction announcement shows that in the first half of 2023, the rare earth industry is affected by market supply and demand, represented by praseodymium and neodymium products, the price of the main rare earth products has continued to fall since the beginning of the year. On 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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