Recently, the market prices of heavy rare earth in China have continued to rise. As of the 4th, the price of dysprosium oxide was 1,670,000RMB/ton; the price of dysprosium ferroalloy was 1,650,000RMB/tonon; the price of terbium rare earth remained at a high level on the 4th day; however, the market price of light rare earth in China was slightly affected, and the price of neodymium oxide was 289,500RMB/tonon; the price of praseodymium neodymium alloy was 36,2500RMB/tonon; the price of praseodymium neodymium oxide was 287,500RMB/tonon. The domestic prices of heavy rare earth hsve continued to rise, and the market prices of light rare earth have rebounded. Affected by the favorable national policies, the market price of heavy rare earth went up.
On December 3, the rare earth Commodity Index was 337, 1 point higher than that of last trading day, 66.30% lower than the peak of 1,000 in the cycle (Dec 6, 2011), and 24.35% higher than the lowest point of 271 (Sep 13, 2015). (Cycle: Dec 1, 2011 to date)
Recently, the market prices of rare earths have risen, the prices of heavy rare earths in the rare earth market have continued to rise, the supply policy of domestic heavy rare earth market, the export of heavy rare earths has improved, and the prices of domestic heavy rare earths haverisen. In addition, the demand for permanent magnet has increased recently, the market trend of praseodymium and neodymium series products has stopped falling and rebounded, the on-site supply is normal, the recent demand for light rare earth is general, and the market price has risen slightly. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturer reasonably controls the sales, but the downstream demand has not changed much in the near future, and some rare earth prices are rising.
In November, Geng Shuang, spokesman of the Ministry of foreign affairs, presided over the regular press conference. Geng Shuang said that China is the world's largest country in rare earth reserves and production, and plays an important role in the global rare earth industry chain. China has always adhered to the principle of openness, coordination and sharing, promoted the development of domestic rare earth industry, and is willing to meet the legitimate needs of the development of all countries in the world with rare earth resources and products. China's rare earth production accounts for 73% of the world's total, ranking first in the world and playing an important role in the game between big countries. Rare earth PR nd and Dy TB are mainly used in NdFeB magnetic steel. In addition, the Ministry of industry and information technology and the Ministry of natural resources jointly issued a notice to release the total amount control indicators of rare earth mining, smelting separation and tungsten mining in 2019. The supply and demand pattern of the rare earth industry is expected to further improve, and people in the domestic market are waiting for the good news of the national reserves.
Rare earth analysts of SunSirs expect that the recent domestic environmental protection scrutiny will not be reduced. In addition, the domestic export of rare earth industry will be well supported, and the supply and demand pattern is improving in a good way. It is expected that the price of heavy rare earth in the rare earth market is still expected to continue to rise, and the light rare earth affected will also have a rebound.
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