Shenghe Resources reports higher RE metals production and sales in Q1-Q3

In the first three quarters of 2024, Shenghe Resources produced 19,215.88t of rare earth oxides, up by 55.71% YoY, 24,571.98t of rare earth salts, down by 58.38% YoY, 18,421.12t of rare earth metals, up by 48.61% YoY, and 17,046.21t of rare earth concentrates (including monazite), up by 2.86% YoY, according to the company's latest quarterly report.

The company also reported Q1-Q3 sales of 11,807.71t of rare earth oxides, up by 23.91% YoY, 15,136.11t of rare earth salts, up by 38.06% YoY, 11,767.96t of rare earth metals, up by 14.07% YoY, and 25,098.44t of rare earth concentrates (including monazite), down by 28.21% YoY.

In the third quarter, the company produced 5,059.14t of rare earth oxides, down by 18.12% YoY, 4,935.24t of rare earth salts, down by 73.85% YoY, 5,871.38t of rare earth metals, up by 41.17% YoY, and 7,296.91t of rare earth concentrates (including monazite), up by 101.53% YoY. The quarterly sales included 3,964.20t of rare earth oxides, down by 18.12% YoY, 5,770.59t of rare earth salts, up by 79.66% YoY, 4,216.28t of rare earth metals, up by 4.61% YoY, and 8,169.68t of rare earth concentrates (including monazite), down by 29.37% YoY.