According to the monitoring of business society, the price index of domestic rare earth market continues to rise. The price of domestic PR nd rare earth continues to rise. The market price of terbium rises to a 10-year high, and the price of dysprosium reaches a 5-year high. The price of domestic rare earth market rises step by step. According to the rare earth plate index of business society, the rare earth index on February 4 was 478 points, up 1 point from yesterday, and 1000 points from the highest point in the cycle Point (2011-12-06) fell by 52.20%, up 76.38% from the lowest point of 271 on September 13, 2015. (Note: period refers to 2011-12-01 to now).

From the rare earth index chart, it can be clearly seen that the domestic rare earth prices continue to rise, and the rare earth market has frequent changes recently, and the market prices continue to rise. 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 all rose. As of February 5, the domestic price of praseodymium neodymium oxide in rare earth was 464500 yuan / ton; the price of praseodymium neodymium alloy was 575500 yuan / ton; the price of neodymium oxide was 572500 yuan / ton; the price of metal neodymium oxide was 710000 yuan / ton; the price of praseodymium oxide The price of praseodymium is 630000 yuan / ton, and the domestic market price of light rare earth continues to rise.

Recently, the demand for permanent magnets has increased significantly. New energy vehicles have been booming from 2020 to 2021, which has driven the development of many industries. The upstream material rare earth permanent magnet has also taken a “free ride”. The main rare earth raw materials of high performance NdFeB are light rare earth praseodymium neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving frequency conversion air conditioning, traditional vehicles and other fields. According to the data released by China Automobile Association, China’s auto sales will reach 25.311 million in 2020. 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 domestic heavy rare earth market price of terbium series has reached a 10-year high, while the dysprosium series market price has continued to rise.

It can be seen from the trend chart that the domestic price of dysprosium series continued to rise, with the price of dysprosium oxide reaching 2.345 million yuan / ton as of the 5th; the price of dysprosium ferroalloy reaching 2.325 million yuan / ton, and the price of dysprosium metal reaching 2.975 million yuan / ton. The domestic price of terbium series rose sharply, with the domestic price of terbium oxide reaching 8.825 million yuan / ton, and the price of terbium metal reaching 11.025 million yuan / ton. The price of terbium series rose to a new level in 10 years. There are several reasons for the sharp rise of domestic heavy rare earth market prices. First, Myanmar’s political situation is turbulent, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products. The import source has decreased significantly. The sharp contradiction between supply and demand in the domestic heavy rare earth market has led to a sharp rise in the price of heavy rare earth. Second, the 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 earth accounts for a large proportion of annual output, which is expected to have a greater impact on the supply, demand and price of medium and heavy rare earth. Third, in recent years, the downstream demand has been rising, the application of new energy has been growing rapidly, and the demand for permanent magnet has increased significantly, which has brought the greatest positive support to the heavy rare earth market. The price of heavy rare earth market has been rising continuously. Due to the tight supply of terbium market and the imbalance between supply and demand, the price of terbium market has reached a high level.

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 management of the rare earth industry 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 in demand. The domestic demand for new energy has increased significantly. In addition, the domestic rare earth supply is still tight, and the contradiction between supply and demand in the rare earth market is sharp. Business community analysts expect that the market price of rare earth will continue to rise in the future.