At the investor group reception day event, Mikawa Smart said that due to the inversion of rare earth waste and rare earth oxide market prices, production and sales of most enterprises in the rare earth recycling industry declined from January to April 2024, and operating losses were common. Tianhe Permanent Magnet, a holding subsidiary of the company, efficiently treats NdFeB waste and molten salt slag through the adoption of advanced acid processing and alkali transfer-acid dissolution combined processes. The product yield can reach 96%, which is higher than the industry average of about 94%, and is at the forefront of the rare earth resource recycling industry.
三川智慧：1—4月稀土回收行业大部份企业产销量下降，普遍出现经营亏损
Mikawa Wisdom: Production and sales of most companies in the rare earth recycling industry declined from January to April, and operating losses were common
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