According to the monitoring of the business agency, the price index of the domestic rare earth market has risen steadily. Recently, the rare earth market has risen sharply. Recently, the price of the domestic praseodymium neodymium series has continued to rise, and the price of the heavy rare earth market has increased slightly. On February 9, the rare earth index was 899 points, an increase of 19 points compared with yesterday and a decrease of 10.10% compared with the highest point of 1000 points in the cycle (December 6, 2011), It was 231.73% higher than the lowest point 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the price of domestic light rare earth market has continued to rise, and the price rise of praseodymium neodymium series, the mainstream of rare earth market, is dominated. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic metal neodymium, neodymium oxide, praseodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide has increased sharply. As of the 10th, the price of neodymium oxide in rare earths in China was 1.13 million yuan / ton; The price of neodymium is 1355000 yuan / ton; The price of praseodymium oxide is 970000 yuan / ton; The price of praseodymium neodymium oxide is 1.01 million yuan / ton; The price of praseodymium neodymium alloy is 1235000 yuan / ton; The price of metal praseodymium is 1.3 million yuan / ton, and the domestic rare earth market trend continues to rise.

The sharp rise in the domestic rare earth market price is mainly due to the widening gap between supply and demand, the continuous resumption of metal factories and the continuous increase of on-site demand. However, due to insufficient indicators and more parking, the contradiction between supply and demand continues to expand, and the price trend in the yard rises. In addition, the downstream demand is strong, and the insufficient supply is good for the domestic rare earth market. Due to the shortage of raw materials, increased demand, and the aggravation of the supply shortage of praseodymium and neodymium oxide and other mainstream products of some large upstream groups, the market is bullish. In addition, the demand for permanent magnet has increased significantly, the rapid development of new energy industry has driven the development of many industries, and the upstream material rare earth permanent magnet has also caught the “express train”. The sales of new energy vehicles are normal. The demand for rare earth is at a high level, and the price of rare earth oxide is at a high level. The rare earth metal factory is more cautious in purchasing without lock orders. However, the price trend of rare earth market in the field has risen sharply recently.

The national environmental protection supervision is still continuing. Rare earth is in the peak season of traditional demand. Superimposed on the launch expectations of relevant policies in the rare earth industry, supply and demand are expected to resonate with policies, and the rare earth market continues to rise. In addition, the inventory of neodymium praseodymium oxide has been at a low level, the shipment willingness of cargo holders is low, the reluctance to sell and wait-and-see mood is strong, and the on-site price continues to rise. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in December 2021, the production and sales of new energy vehicles completed 518000 and 531000 respectively, reaching a new high, with a year-on-year increase of 1.2 times and 1.1 times respectively. In 2021, the production and sales of new energy vehicles were 3.545 million and 3.521 million respectively, with a year-on-year increase of 1.6 times, and the market share reached 13.4%, 8 percentage points higher than that of the previous year. Driven by both market and policy, the demand market for vehicle gauge semiconductors broke out in an all-round way. Recently, the demand in the field of new energy is high, and the domestic light rare earth market price continued to rise. Driven by the demand for Nd-Fe-B, the price trend of domestic heavy rare earth market rose.

As can be seen from the trend chart, the price of domestic dysprosium series rose. As of the 10th, the price of dysprosium oxide was 3.055 million yuan / ton, the price of dysprosium ferroalloy was 3.035 million yuan / ton, the price of metal dysprosium was 3.87 million yuan / ton, and the price of domestic Terbium series rose, the price of domestic terbium oxide was 13.8 million yuan / ton, and the price of metal terbium was 17.2 million yuan / ton. The price trend of heavy rare earth is rising, the transaction situation in the domestic rare earth market is acceptable, and the leading magnetic material factory purchases actively, which makes the domestic heavy rare earth market price higher. Recently, the separation enterprises in the areas where medium and heavy rare earth mines are used such as Jiangxi, Hunan, Guangdong and Guangxi will face shutdown and maintenance. The tight supply makes the market price of heavy rare earth higher, and the export of Myanmar is limited, The supply disturbance is further aggravated, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market. Recently, the on-site procurement is active, the stock mood is high, and the on-site heavy rare earth price trend continues to rise.

In addition, with the support of national policies, the first batch of Rare Earth total amount control indicators in 2022 meet the expectations, and the industry pattern continues to be optimized. On the 28th, the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the ore indicators and smelting separation indicators were 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earth is 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earth, which will be a long-term trend. In addition, the export volume of rare earths rose sharply in 2021, with a cumulative export of 107900 tons of rare earths throughout the year, a year-on-year increase of 38%. The rise of foreign demand led to the rise of the domestic rare earth market. On the whole, the demand for rare earth products increased, and the price of the domestic rare earth market increased.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand continues. In addition, the domestic rare earth supply is still tight and the inventory continues to decline. Recently, the on-site transaction market is good, but the on-site supply is still tight and the demand at home and abroad continues to rise. Chen Ling, a business analyst, predicts that the price trend of rare earth market may continue to rise in the later stage.