Today, the rare earth permanent magnet plate continued to pull up. As of 10:28 in the morning, the rare earth permanent magnet plate was up 4.1% at 1474.92, Yujing shares were up 4 times, Minmetals rare earths and northern rare earths were up more than 8%, and Shenghe Resources, North Mining Technology and other stocks were pulled up one after another. Logically, the overseas supply is reduced, the supply side is relatively rigid, the price rises sharply under the contradiction between supply and demand, the downstream demand side continues to be high, and the demand for Rutie boron is greatly driven by new energy vehicles, wind power, consumer electronics and so on.
As of 10:28
Warburg Securities believes that the downstream drive stack supply is limited, praseodymium and neodymium oxide has entered a rising cycle. New energy vehicles, home appliances and consumer electronics drive the demand for high-performance NdFeB magnetic materials downstream, while the supply side is growing at a low speed. It is expected that praseodymium-neodymium oxide will enter a shortage cycle from 2021 to 2025, and the price of praseodymium-neodymium oxide may continue to rise. The prosperity of the industry will also continue to improve. NdFeB leading enterprises benefit from the rapid growth of downstream demand and the increase in profits brought about by the mild rise in rare earth prices. The whole world ushered in the new energy vehicle policy increase period, driven by the relevant favorable policies of "carbon peak and carbon neutralization", it is expected that the prosperity of the rare earth permanent magnet industry in 2021-2025 will continue to improve, and the major domestic enterprises of NdFeB magnetic materials will continue to benefit.
Rare earth spot market, according to SMM understanding, as of yesterday's data show that the rare earth market continues the day before yesterday, light rare earths, lanthanum cerium metals and oxides prices stable; medium and heavy rare earths, praseodymium, terbium, dysprosium prices continue to rise, although metal factories and magnetic materials factory enquiries are active, but few transactions. Praseodymium-neodymium oxide was reported at 454000 yuan / ton on January 20, the highest since October 2017.
SMM praseodymium neodymium oxide price
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