ferrite magnets
Downstream demand is strong, rare earth prices hit a nine-year high
Nov 9,2021.

The fourth quarter is the traditional peak season for downstream demand for rare earths. Downstream companies such as new energy vehicles, wind power, and energy-saving inverter air conditioners have begun to replenish their inventory. Some domestic manufacturers have limited production due to limited power and production. The overseas epidemic has affected Myanmar's rare earths. Supply continues to be low, and the fundamentals of supply and demand are expected to support rare earth prices.


In the recent period of practice, my country's new energy sector has high demand, the light rare earth market has improved, and the price index has hit a nine-year high. At the same time, driven by the demand for NdFeB, the prices of heavy rare earths have risen, but they have not hit a new high during the year. 

rare earth price

At present, the transaction in my country's rare earth market has improved, and the light rare earth market has soared. According to the monitoring of the business agency, the prices of neodymium praseodymium oxide, praseodymium oxide, neodymium oxide, neodymium metal, neodymium praseodymium and praseodymium metal in China have risen sharply. As of October 29, the price of neodymium oxide in rare earths in my country was 765,000 yuan/ton, the price of praseodymium oxide was 775,000 yuan/ton, the price of neodymium praseodymium oxide was 732,500 yuan/ton, and the price of neodymium praseodymium alloy was 905,000 yuan/ton. The price of ton and metal praseodymium is 975,000 yuan/ton, and the price of neodymium metal is 915,000 yuan/ton.


It is worth noting that the market price of heavy rare earths rose correspondingly, but the price was lower than in April, when the market price of heavy rare earths was at a ten-year high. As of October 28, the price of dysprosium oxide was 2.835 million yuan/ton, the price of dysprosium ferroalloy was 2.84 million yuan/ton, the price of dysprosium metal was 3.63 million yuan/ton, the price of internal terbium series continued to rise, and the price of terbium oxide was 9.65 million yuan. /Ton, the price of terbium metal is 12.2 million yuan/ton.


The business agency analyzed that with the sustainable development of the downstream new energy vehicles, wind power, and inverter air conditioners of rare earths, the demand continues. In addition, the domestic rare earth supply is still tight, and the inventory is declining. With the advent, the holders are reluctant to sell. On October 27, the rare earth price index was 675 points, an increase of 21 points from October 26, and a decrease of 32.50% from the highest point (December 6, 2011) of 1,000 points in the cycle from December 1, 2011 to present. The lowest point (September 13, 2015) was 271 points, an increase of 149.08%.


In fact, the main rare earth materials of high-performance NdFeB are light rare earth praseodymium and neodymium oxide, heavy rare earth dysprosium oxide and terbium oxide, which are used in new energy vehicles, wind power, energy-saving inverter air conditioners, traditional automobiles and other fields. Data released by the China Association of Automobile Manufacturers shows that my country's demand for new energy vehicles has increased. From January to September 2021, my country's pure electric vehicles increased by 1.101 million year-on-year, and plug-in hybrid vehicles increased by 211,000 year-on-year. The substitution effect on the fuel vehicle market is continuing to show.

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