ferrite magnets
Rare earth market price trend rises
Jul 6,2021.

Affected by factors such as supply constraints and demand release, the prices of mainstream rare earth varieties, especially light rare earth varieties, have recently seen a significant upward trend.


It can be clearly seen from the rare earth index chart that domestic rare earth prices rebounded in early July, and the prices of mainstream commodities in the rare earth market have risen to varying degrees recently, and the rare earth market has stopped falling and rebounded. Specific to the product:

Neodymium oxide price


Metal neodymium price


Prismium neodymium alloy price


Price of praseodymium oxide


It can be clearly seen from the product price chart that the prices of mainstream products such as neodymium oxide, neodymium metal, neodymium praseodymium oxide, neodymium praseodymium alloy, praseodymium oxide and praseodymium metal are gradually rising. As of July 2nd, the price of neodymium oxide in domestic rare earths The price of neodymium metal is 480,000 yuan/ton; the price of neodymium metal is 595,000 yuan/ton; the price of neodymium praseodymium oxide is 487,500 yuan/ton; the price of neodymium praseodymium is 602,500 yuan/ton; the price of metal praseodymium is 700,000 yuan/ton; The price of praseodymium oxide is 570,000 yuan/ton, and all products have risen to varying degrees. Most of them have risen for 2 consecutive working days. The inflection point of the domestic light rare earth market trend has been found, and the market price has gradually increased.


The domestic rare earth market has stopped falling and rebounded. The structural inflection point of supply and demand is coming. The demand for high-end magnetic materials has increased, and the profit margin of the rare earth industry chain has opened. In the near future, China's rare earth quotas on the supply side may be steadily increased. With the optimization of supply rigidity, and the implementation of new energy efficiency standards, the penetration rate of NdFeB for domestic home appliances inverter air conditioners continues to increase, and the demand side is expected to continue to rise. 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 data released by the China Association of Automobile Manufacturers, in May 2021, the sales volume of the automobile industry is estimated to be 2.204 million, a decrease of 2.1% from the previous month and a year-on-year increase of 0.5%; from January to May, the automobile industry Cumulative sales are estimated to be 10.951 million vehicles, a year-on-year increase of 37.6%. Recently, the downstream demand has increased more than before, and the market price of light rare earth has turned into an upward channel.


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) in 2021 , 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 mines and tungsten mines will continue to be controlled. National policies are favorable and domestic rare earth prices will rise.


With the sustainable development of new energy vehicles, wind power, and inverter air conditioners downstream of rare earths, demand continues, coupled with normal domestic rare earth supply, the recent increase in on-site transactions and active purchases, it is expected that the rare earth market prices may continue to rise in the future.


Source from:Shengyishe

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