Recently, the prices of praseodymium-neodymium oxide and praseodymium-neodymium alloy in the domestic rare earth market have continued to rise. Recently, downstream demand has increased, and merchants reluctant to sell domestic rare-earth markets. According to the Rare Earth Sector Index of the business community, the rare earth index on May 15 was 331 points, which was the same as yesterday, and was 66.90% lower than the highest point in the cycle (2011-December-06), and the lowest point on September 13, 2015. 271 points rose 22.14%. (Note: The period refers to 2011-December-01 to present).
As of mid-May, the price of domestic rare earth praseodymium and neodymium oxide was 271,000 yuan / ton, the price in May rose by 2.85%, an increase of 2.07% year-on-year; the price of praseodymium and neodymium alloy was 341,000 yuan / ton, the price in May rose by 3.18%, an increase of 1.04% ; As of the weekend, the price of dysprosium oxide has increased by 20,000 yuan / ton to 1.79 million yuan / ton, and the price of dysprosium ferroalloy has increased by 25,000 yuan / ton to 1.77 million yuan / ton, holmium oxide, gadolinium oxide, holmium iron, etc. have increased prices to varying degrees.
According to the monitoring by SunSirs, praseodymium neodymium oxide has risen continuously, with a rise of 2.85% in May. As the price of praseodymium neodymium oxide is at a very low level, close to the cost line, merchants are reluctant to sell and the price rises; coupled with the resumption of production and the recovery of the terminal new energy vehicle market, the demand for rare earth downstream permanent magnet materials manufacturers increases, praseodymium neodymium oxide The prosperity of the economy has also driven up the prices of gadolinium oxide, holmium oxide and other materials. The Customs Tariff Commission of the State Council released the second list of the second batch of products subject to tariffs imposed on the United States and Canada. The list mainly includes: rare earth metal ores, silver ores and concentrates, gold ores, nickel alloy plates / sheets / ribbons / foil, nickel alloys Wire, nickel alloy tubes, aluminum alloy tubes with an outer diameter not exceeding 10 cm, titanium tubes, nickel-cadmium batteries, etc. The rare earth metal mine will no longer levy the tariff imposed on the countermeasures against the US 301 measures, and will refund the already levied tariffs. There is the possibility of promoting the import of rare earth metal mine, which is the good support of praseodymium neodymium oxide
The Ministry of Industry and Information Technology said that by 2025, the sales of new energy vehicles and new vehicles will account for about 25%. Global electrification is entering the acceleration period of high-quality supply-side models. China's double-point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of the rare earth industry is expected to further improve, China's domestic demand has improved, and the price of heavy rare earth in the domestic rare earth market remains high. Recently, the Ministry of Natural Resources, the Ministry of Industry and Information Technology issued the “Notice on Issuing the Total Rare Earth Mine Tungsten Ore Mining Control Index (First Batch) in 2020”, which clarifies the country ’s first batch of rare earth ore (REO) mining total The quantity control index is 66000 tons, and the tungsten concentrate (tungsten trioxide content 65%) mining total control index is 52500 tons. National policy is conducive to the balance of supply and demand in the rare earth industry. The supply of the rare earth market has been normal recently, but the demand has not been significantly favorable.
The medium and heavy rare earths account for a large proportion of the annual output in the rare earth storage and storage plan. In addition, the Myanmar customs closure still has a tight impact on the domestic supply of medium and heavy rare earth imports. Tightening and rising prices have a greater impact, and analysts at SunSirs expect prices in the rare earth market to continue to rise later.
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