Jinli permanent magnet: use cerium to replace part of praseodymium and neodymium, which is conducive to the comprehensive utilization of rare earth and the reduction of cost

, If so, what is the current step. Thank you

The company replied, Hello! The abundance of cerium in the crust is relatively high. At present, there is a large surplus of cerium and the price is low. Replacing part of praseodymium and neodymium with cerium is beneficial to the comprehensive utilization of rare earth and cost reduction. It is a direction of technological progress and a reasonable choice for the rare earth industry. We have already reserved relevant technologies