According to the monitoring of business society, the price index of domestic rare earth market rose sharply. The price of PR nd rare earth continued to rise. The price of TB rare earth rose to a 10-year high. The price of domestic rare earth market rose step by step. According to the rare earth plate index of business society, the BPI of commodity price index on January 17 was 895, which was the same as yesterday, Compared with the highest point of 1019 points in the cycle (2012-04-10), it decreased by 12.17%, and increased by 35.61% compared with the lowest point of 660 points on February 3, 2016. (Note: period refers to 2011-12-01 to now).

It can be clearly seen from the rare earth index chart that the price of domestic rare earth rose a lot in January. Recently, the rare earth market has changed frequently and the market price has been rising. In terms of products:

It can be clearly seen from the product price trend chart that the domestic prices of praseodymium neodymium oxide, praseodymium neodymium alloy, neodymium oxide, metal neodymium, praseodymium oxide and metal praseodymium continued to rise. As of January 18, the domestic price of praseodymium neodymium oxide in rare earth was 442500 yuan / ton, up 7.93% in January; the price of praseodymium neodymium alloy was 552500 yuan / ton, up 8.33% in half a month; the price of neodymium oxide was 552500 yuan / ton/ The price of neodymium was 667500 yuan / ton, up 7.23% in half a month; the price of praseodymium oxide was 387500 yuan / ton, up 9.93% in January; the price of praseodymium was 615000 yuan / ton, up 6.96% in January. The domestic market price of light rare earth rose sharply.

Recently, the sales of new energy vehicles in China have increased, and the terminal industries such as wind power and electronic products have developed rapidly. As the epidemic situation slows down, the capacity utilization rate of downstream manufacturers continues, and demand is mainly based on demand procurement. The demand for NdFeB is still high. The high trend of new energy vehicles and consumer electronics industry also promotes the rise of rare earth prices. According to the data, the global demand for high-performance NdFeB is mainly concentrated in the automotive sector (nearly 40% for traditional vehicles and 12% for new energy vehicles), while the rest, such as wind power, consumer electronics, variable frequency air conditioning and energy-saving electrical appliances, account for 8% – 10%. At present, the application of rare earth NdFeB permanent magnet materials in the automotive field mainly includes new energy drive motor and traditional automotive parts micro motor. In terms of sales volume, new energy vehicles hit a new high. On January 13, the data released by China Automobile Association showed that China’s automobile sales volume in 2020 will reach 25.311 million. Among them, the sales volume of new energy vehicles reached 1.367 million, breaking the historical record. Downstream demand rose, and domestic light rare earth market prices continued to rise. Recently, the price of terbium Series in domestic heavy rare earth market has reached a 10-year high, and the price of its own series continues to rise.

It can be seen from the trend chart that the domestic price of Dy 2O 3 rose in January, up 7.47% in half a month, to 2.085 million yuan / ton as of the 18th; the price of Dy ferroalloy rose 7.29% to 2.06 million yuan / ton, up 7.29% in January; the domestic price of TB 2O 3 rose sharply, to 8.65 million yuan / ton on the 18th, and to 10.95 million yuan / ton of metal, up to a new level in 10 years . Domestic rare earth purchase and storage plan is a good support for domestic heavy rare earth prices. In the purchase 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. In addition, Myanmar’s customs closure still has a tight impact on domestic import and supply of medium and heavy rare earths. In addition, the recent downstream demand is rising, and the price of heavy rare earth market is rising The market supply of terbium series is tight, the supply and demand are unbalanced, and the market price of terbium series continues to rise.

On January 15, 2021, the Ministry of industry and information technology openly solicited opinions on the rare earth management regulations (Draft), releasing the signal of standardizing the rare earth industry management and promoting the high-quality development of the industry. There are 29 pieces in the draft, which clarify the division of responsibilities of rare earth management, the approval system of rare earth mining and smelting separation investment projects, and the total amount index management system. It also emphasizes strengthening the management of the whole industry chain of rare earth, strengthening supervision and management. The state has made corresponding adjustments to the development of rare earth industry. The rare earth industry is developing towards high quality, and the policies are favorable to support the development of rare earth industry The local market price rose sharply.

The recent overseas economic recovery, especially the recovery of advanced manufacturing industry, is expected to drive further growth of demand. The domestic demand for rare earth remains at a high level. The domestic supply of rare earth is still tight, and the contradiction between supply and demand in the rare earth market is sharp. Analysts of business society expect that the market price of rare earth will continue to rise in the future.