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SunSirs: Domestic Rare Earth Market Prices Mixed
March 12 2020 10:00:20SunSirs(Linda)

The average price of neodymium in rare earth metals dropped by 3,000 RMB/ton to 377,500 RMB/ton; the average price of metal dysprosium was 2.325 million RMB/ton; the average price of metal praseodymium was 645,000 RMB/ton. The average price of praseodymium and neodymium oxide in rare earth oxides fell by 1,000 RMB/ton to 271,000 RMB/ton; the price of dysprosium oxide rose by 10,000 RMB/ton to 1.865 million RMB/ton; the average price of praseodymium oxide was 320,000 RMB/ton; The average price of neodymium oxide fell by 2,000 RMB/ton to 293,500 RMB/ton. The price of praseodymium-neodymium alloy in rare earth alloys fell by 5,000 RMB/ton to 342,500 RMB/ton; the average price of dysprosium -iron alloy rose by 10,000 RMB/ton to 1.83 million RMB/ton.

Prices of rare earth in the rare earth market have risen sharply. Recently, Myanmar has unilaterally banned the export of rare earth, which has led to a sharp decline in the import volume of domestic heavy rare earth. In addition, some rare earth enterprises in the South have not fully resumed their work, the supply of domestic heavy rare earth has decreased, the contradiction between the supply and demand of domestic heavy rare earth is sharp, and the market price of heavy rare earth has risen sharply. In addition, the demand for permanent magnet in the near future is general. In the first batch of rare earth mining indicators in 2020, the amount of light rare earth has increased compared with that in 2019. The market trend of praseodymium and neodymium series products has declined slightly. The on-site supply is normal, the demand for light rare earth in the near future is general, and the market price has fallen 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. In recent years, transportation has been limited to some extent, and the price trend of some rare earth products remains stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China's double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which clarified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66,000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52,500 tons.

The rare earth analysts of SunSirs predict that the recent domestic strict environmental protection investigation will continue. Myanmar ’s rare earths are banned from exporting. The supply of heavy rare earths is tight.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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