According to the monitoring of the business community, the price index of the domestic rare earth market rose slightly, and the domestic rare earth market rose. On December 8, the rare earth index was 645 points, up 1 point from yesterday, down 35.95% from the peak of 1007 points (2022-02-24) in the cycle, and up 138.01% from the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

The prices of domestic neodymium oxide, metal neodymium, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide rose slightly, and the price trend of metal praseodymium market was temporarily stable. As of September 9, the price of praseodymium and neodymium metal had reached 825000 yuan/ton, up 2.45% this week; The price of praseodymium neodymium oxide was 682500 yuan/ton, up 2.25%; The price of neodymium oxide is 750000 yuan/ton, up 2.04%; The price of neodymium metal was 915000 yuan/ton, with the price trend rising 0.55%; The price of praseodymium metal is 905000 yuan/ton, and the price trend is temporarily stable; The price of praseodymium oxide was 690000 yuan/ton, up 2.22%.

Enquiries on the domestic light rare earth market increased. In addition, some production enterprises reduced their load and the supply decreased slightly. The market price of light rare earth rose slightly. The supply is mainly concentrated in Inner Mongolia. Due to the adjustment of prevention and control policies, the manufacturer’s shipment has improved and downstream procurement has increased. Recently, the inventory of downstream magnetic material merchants has decreased, and the purchasing sentiment has improved, which has led to an increase in orders. The bearers are reluctant to sell, and the light rare earth market is rising.

The price of dysprosium series of heavy rare earth in China rose slightly. As of the 9th, the price of dysprosium oxide was 2.38 million yuan/ton, up 3.30% this week; The price of dysprosium ferroalloy was 2.335 million yuan/ton, up 1.97%; The price of dysprosium metal was 3.045 million yuan/ton, up 1.84%; The price of domestic terbium is mainly increased. The price of domestic terbium oxide is 13.5 million yuan/ton, and the price of metal terbium is 16.95 million yuan/ton. The price of heavy rare earth increased mainly. The raw material inventory of separation enterprises in the regions where rare earth mines are used in Sichuan and other places decreased. Production enterprises started normal. Downstream procurement increased, and the market price increased. However, Myanmar’s exports are limited, and the global supply of rare earths is relatively concentrated. Myanmar is one of the production areas next to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products, and the market price of heavy rare earth remains high.

According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in China will reach 2.599 million and 2.505 million respectively in October 2022, up 11.1% and 6.9% year on year. Among them, the production and sales of new energy vehicles reached 762000 and 714000 respectively, with year-on-year growth of 87.6% and 81.7%, and the market share reached 28.5%. The production and sales of automobiles rose, the demand in the new energy field was still supported, and the price of the domestic rare earth market rose mainly.

The new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth will continue to develop. Recently, downstream businesses have gradually started their procurement mode. In the short term, the price of rare earth market will still rise. In the long term, the demand for rare earth will still be guaranteed, and they are optimistic about the development of rare earth industry.