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With the stabilization of the epidemic situation, the demand of domestic end markets recovered to the normal level, and the rise of various emerging industries for rare earth, the "industrial monosodium glutamate", has been rising, which can be basically explained as the main reason for the recent rise in rare earth prices.

According to SMM survey statistics, China's praseodymium and neodymium oxide production in May 2021 was 6395 tons, an increase of 6% on a month-on-month basis. By region, the top five provinces with the largest praseodymium and neodymium oxide production in China in May were Inner Mongolia, Jiangxi, Jiangsu, Sichuan and Shandong

In September, China's rare earth exports decreased by 0.4% to 3920 tons, up 96% year on year.