SunSirs: Domestic Rare Earth Market Prices Rebounded
May 24 2023 10:01:40The latest price of dysprosium iron alloy (May 22): 2.025 million RMB / ton, the market outlook is bullish
Key points of analysis: Inquiries have increased recently. Due to the long-term decline in rare earth prices in the early stage, affected by a slight increase in demand, domestic rare earth market prices have rebounded. Inquiry and quotation in the domestic rare earth market are relatively active, with a slight increase in trading volume, and the market trend of heavy rare earths is rising.
Recently, the country has accelerated the construction of charging infrastructure to better support the use of new energy vehicles in the countryside, which will help release the potential of rural consumption and increase the sales of new energy vehicles. The increase in the production and sales of new energy vehicles will benefit the domestic price of medium and heavy rare earths.
Market outlook forecast: In the near future, the supply of rare earth production enterprises is normal, and the downstream demand has not changed much. It is expected that the market price of heavy rare earth will fluctuate and rise in the short term. In the medium and long term, there will be a lack of primary and renewable supply sources. Dysprosium and terbium oxides will also face shortages. In addition, driven by emerging and traditional needs such as energy-saving motors, industrial robots, wind power, inverter air conditioners, and consumer electronics, the global rare earth permanent magnet market demand is expected to continue to grow.
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- 2024-04-11 SunSirs: On April 10th, Prices of Dysprosium Terbium Rare Earth Products in China Were Mixed
- 2024-02-19 SunSirs: On February 18th, the Price Trend of Domestic Dysprosium Terbium Series Products Was Temporarily Stable
- 2024-01-19 SunSirs: On January 18th, Prices of Some Domestic Dysprosium Terbium Series Products Increased
- 2024-01-12 SunSirs: On January 11th, Prices of Some Domestic Dysprosium Terbium Series Products Declined
- 2024-01-05 SunSirs: On January 4th, the Prices of Domestic Dysprosium Terbium Rare Earth Products Declined
