Innuovo obtains export licenses for permanent magnet products
2025-06-19 14:54:11 [Print]
Innuovo Technology Co., Ltd. recently announced that it has obtained export licenses for some permanent magnet product orders subject to export controls. Since the implementation of the new regulations, the company has actively complied with relevant requirements and applied for the necessary permits.
Innuovo operates two magnet production bases in Hengdian and Ganzhou, with an existing blank magnet production capacity of approximately 13,000 tonnes per annum and a capacity utilization rate of around 80%. In 2024, the company sold over 6,200 tonnes of finished magnet products, with exports accounting for 20–30% of its magnet business.
Innuovo operates two magnet production bases in Hengdian and Ganzhou, with an existing blank magnet production capacity of approximately 13,000 tonnes per annum and a capacity utilization rate of around 80%. In 2024, the company sold over 6,200 tonnes of finished magnet products, with exports accounting for 20–30% of its magnet business.
PrNd Oxide Pr6O11 25%, Nd2O3 75% EXW China
Unit:RMB/mt
China's praseodymium-neodymium mischmetal producers' sales to production ratio statistics by province by month
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