In late June, Chinese light rare earth market prices returned to an upward trend. The prices of praseodymium neodymium oxide and praseodymium neodymium alloy continued to rise, and the light rare earth market rebounded. According to SunSirs rare earth sector index, the rare earth index on June 22 was 345 points, an increase of 1 point from yesterday, a decrease of 65.50% from the highest point in the cycle of 1,000 points (2011-12-06), compared with September 13, 2015, the daily low of 271 points rose by 27.31%. (Note: Period refers to 2011-12-01 to present).

As of June 23, the price of praseodymium and neodymium oxide in domestic rare earths was 288,000 yuan/ton; the price of praseodymium and neodymium alloy was 364,000 yuan/ton, and neodymium oxide, metal neodymium, holmium oxide and holmium iron alloys all rose to varying degrees.

In the recent Chinese light rare earth industry, driven by the positive promotion of the construction of new infrastructure projects across the country, the price of rare earths has increased slightly, the bullish mentality of the merchants on the floor is obvious, the merchants are reluctant to sell, and the sentiment on the floor is strong. Economic recovery, increased demand from permanent magnet manufacturers, praseodymium neodymium rare earth prices rose slightly, and light rare earth market prices are still at a low level. In addition, due to the impact of the epidemic, overseas rare earth ore imports have fallen sharply, and waste recycling and monazite raw materials have decreased, resulting in a decline in domestic rare earth smelting output. The recovery of the domestic economy has led to the recovery of downstream demand for rare earths, supporting the price of rare earths, and the price of the domestic light rare earth market has increased.

In the domestic rare earth storage and storage plan, medium and heavy rare earths account for a large proportion of annual output, which is expected to have a greater impact on the supply and demand and prices of medium and heavy rare earths. Taking into account that the current Myanmar customs closure still has a tight impact on the domestic supply of medium and heavy rare earth imports, once The implementation of the purchasing and storage plan as scheduled will have a greater impact on the tight supply and demand of heavy rare earth dysprosium and terbium, as well as price increases. In the recent market, the prices of heavy rare earths have remained at a high level. In addition, with the resumption of production and the recovery of the terminal new energy vehicle market, the domestic terbium rare earth supply is very tight, and the domestic terbium rare earth prices continue to rise.

The Ministry of Industry and Information Technology issued the "Notice on Doing a Good Job in the Implementation of the Rare-Earth Industry Benefit Enterprise Policy", saying that the Rare Earth Office entrusted the China Nonferrous Metals Industry Association and the China Rare Earth Industry Association to sort out and summarize the policy documents suitable for the declaration of rare earth companies, forming Compilation of Related Support Policies. The policy is favorable to support the development of the rare earth industry. At the same time, Sino-US relations are somewhat loose. National policies are conducive to the balance of supply and demand in the rare earth industry. The supply of the rare earth market has been normal recently, and the demand has improved.

Recently, the domestic demand for rare earth has increased compared with before, and the supply of the rare earth market is still tight. SunSirs analysts expect that the price of the rare earth market will continue to rise in the later period.

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