The latest price of praseodymium neodymium oxide (May 29): 502,500 RMB/ton, the market outlook is bullish

Key points of analysis: The light rare earth market has rebounded, inquiries have increased recently, and the price of light rare earths has been falling for a long time in the early stage. Affected by the increase in inquiries, the quotations of the holders are relatively firm, and the actual transaction prices have risen accordingly. Recently, market inquiries and quotations have been relatively active, and the transaction volume has increased slightly. In addition, the increase in the production and sales of new energy vehicles has benefited the domestic rare earth market. However, the downstream demand has grown slowly, market information is still weak, and the order increase of metal factories is not large. The rare earth market is on the sidelines Emotions remain.

Forecast of the market outlook: The supply of rare earth production enterprises is normal in the near future, inquiries have increased, and transaction activity has increased. It is expected that the market price of rare earths will increase in the short term.

In the medium and long term, rare earth products will still face shortages due to the lack of primary and renewable supply sources. In addition, driven by emerging and traditional demands such as energy-saving motors, industrial robots, wind power, inverter air conditioners, and consumer electronics, the global rare earth industry will continue to grow. Magnetic market demand is expected to continue to grow.

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