ferrite magnets
Poor demand, the domestic rare earth market fell in August
Sep 1,2021.

According to the monitoring of the business agency, the domestic rare earth market price index dropped slightly in August, the domestic rare earth price of praseodymium and neodymium series dropped, the market price of heavy rare earth dropped slightly, and the domestic rare earth market was weak.


Neodymium Oxide


Neodymium metal


Praseodymium neodymium alloy


Praseodymium Neodymium Oxide


It can be clearly seen from the product price chart that the prices of mainstream products such as neodymium oxide, praseodymium oxide, neodymium praseodymium oxide, and neodymium praseodymium alloys have declined, while the prices of neodymium metal and praseodymium metal are relatively strong. As of August 31, the domestic rare earth neodymium oxide price was 609,000 yuan/ton, down 1.77% from the early August price; the metal neodymium price was 765,000 yuan/ton, up 2.68% from the early August price; the price of neodymium praseodymium oxide was The price of praseodymium and neodymium alloy was RMB 747,500/ton, which was 2.92% lower than the price in early August; the price of praseodymium oxide was RMB 625,000/ton, which was 2.34% lower than the price in early August. ; The price of metal praseodymium was 815,000 yuan/ton, and the trend was flat in August, and the domestic light rare earth market trend fell.


The domestic rare earth market products are declining, and the structural changes in supply and demand are not significant. The demand for high-end magnetic materials is normal. In the near future, China's rare earth quotas on the supply side may be steadily increased. The rate continues to increase, and the demand side is relatively normal. The sales of new energy vehicles are relatively normal, and the demand for rare earths is at a high level. The main rare earth materials of high-performance NdFeB are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving inverter air conditioners, traditional automobiles and other fields. According to statistics, the sales of new energy vehicles are still good. According to the data released by the China Association of Automobile Manufacturers, the China Association of Automobile Manufacturers (hereinafter referred to as "China Automobile Association") announced the latest production and sales data. In July, domestic automobile production and sales reached 1.863 million and 1.864 million respectively. , Fell 3.0% and 4.1% month-on-month, and fell 15.5% and 11.9% year-on-year. In the near future, downstream demand has been general, and the market price of light rare earths has dropped slightly.


In 2021, the first batch of rare earth mining, smelting and separation total control indicators will increase significantly, which is related to the strong downstream demand. The Ministry of Natural Resources has issued the 2021 total rare earth mining total control indicators, and the first batch of rare earth mines (rare earth oxide REO) , The same below) The total mining control index is 84,000 tons, including 11490 tons of ionic (mainly heavy rare earth) rare earth minerals and 72510 tons of rock-mining (light) rare earth minerals. The first batch of tungsten concentrates (65% tungsten trioxide content, the same below) has a total mining control index of 63,000 tons, of which 46,890 tons are the main mining index and 16,110 tons are the comprehensive utilization index. In 2021, the total amount of rare earth and tungsten ore mining will continue to be controlled. The national government policy is favorable, and some products in the rare earth market have little decline.


With the sustainable development of new energy vehicles, wind power, and inverter air conditioners downstream of rare earths, demand has been supported. Domestic rare earth supply has started normally, but the market transactions are not as expected, and some companies are not actively purchasing. Business analysts predict The market price of rare earths may go down slightly in the later period.

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