Recently, Huahong Technology announced that its wholly-owned subsidiary, Xintai Technology, along with its subsidiaries Wanhong High-Tech and Jishui Jincheng, signed the 2025 Annual Cooperation Agreement for Praseodymium-Neodymium Product Procurement with Northern Rare Earth. This collaboration aims to secure a stable and sustainable supply of rare earth oxide products for Xintai Technology and its subsidiaries over the next 11 months, ensuring the operational stability and sustainability of Xintai Technology and its subsidiaries. It further highlights their industry position and comprehensive strength in the field of rare earth resource utilization.
According to the announcement, the agreement details are as follows: the term spans from February 2025 to December 2025; the product is praseodymium-neodymium oxide; the procurement volume is set at an annual total of 1,100-1,650 tons, with a monthly order volume of 100-150 tons; the pricing method is based on the market price of praseodymium-neodymium oxide at the time of signing each monthly purchase and sale contract. According to China Tungsten Online, in February 2025, the price of praseodymium-neodymium oxide in China showed an overall upward trend with fluctuations, rising by approximately 33,000 yuan/ton, an increase of 7.91%. From January to February 2025, the average price of praseodymium-neodymium oxide in China was 422,083 yuan/ton, reflecting a year-on-year increase of 4.77%.
Praseodymium-neodymium oxide is an important rare earth compound and a key raw material for manufacturing high-performance permanent magnetic materials, such as neodymium-iron-boron (NdFeB) magnets. These magnets are widely used in various electronic devices, motors, sensors, and magnetic drive components, including drive motors for humanoid robots and new energy vehicles. In addition, praseodymium-neodymium oxide is used in architectural and household ceramics, where it can be mixed with ceramic glazes to produce colored glazes or used alone as an underglaze pigment, yielding a light yellow hue with a pure and elegant tone. It can also serve as a coloring agent and clarifier in glass production, imparting special optical properties to the glass.
Northern Rare Earth’s business scope includes: rare earth concentrates, deep-processed rare earth products, rare earth new materials, and rare earth application products; niobium concentrates and their deep-processed products; metallurgical products, coal and its deep-processed products, chemical products, and optoelectronic products; as well as the manufacturing, procurement, and sales of equipment and spare parts, among others.
