Today, the rare earth permanent magnet plate continued to rise, and the rare earth permanent magnet plate index rose sharply to a new high. by the close of the day, northern rare earths, Shenghe Resources, Greengmei, Xiamen Tungsten Industry, Guangsheng Nonferrous Metals, Yujing shares, Huicheng Environmental Protection, and Aluminum of China have risen by the daily limit. Earth Bear, Minmetals and other rare earths also rose strongly, up more than 9%. Looking at it, the rare earth permanent magnet plate is very eye-catching.
On the news side, a few days ago, a video conference on industrial policies and regulations on industrial and information systems was held in Beijing. Wang Jiangping, vice minister of the Ministry of Industry and Information Technology, said that efforts should be made to ensure the security and stability of the industrial chain supply chain, speed up the formulation of guidelines on promoting the orderly transfer of the manufacturing industry, and speed up the development of new service-oriented manufacturing models and industrial designs. Efforts should be made to optimize the development environment of enterprises in the industry, speed up the legislation of the telecommunications law, and promote the promulgation of the rare Earth regulations as soon as possible.
As early as January this year, the Ministry of Industry and Information Technology published the regulations on the Administration of rare Earths (draft for soliciting opinions), which proposed that the state should implement the management of total quantity indicators for the separation of rare earth mining and smelting, implement the strategic reserve of rare earth resources and rare earth products, and specify the penalty regulations for enterprises that violate the regulations for the first time.
Xiao Yaqing, minister of industry and information technology, said that the regulations on rare earths are mainly based on the strategy and market demand for the long-term development of rare earths, as well as the problems existing in the actual development. Xiao Yaqing has previously pointed out that we did not sell rare earths at a 'rare' price, but at a 'local' price.
Since the beginning of this year, driven by relevant policies and the rapid development of new energy and photovoltaic under 'carbon neutralization' and 'carbon peak', the demand for rare earths has increased rapidly. Rare earth prices have risen strongly again since late June after a correction. On July 9, the average spot price of SMM neodymium oxide was 525000 yuan / ton, the average spot price of SMM metal neodymium was 655000 yuan / ton, and that of SMM metal praseodymium and neodymium was 665000 yuan / ton.
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Rare earth permanent magnet as a key industrial basic material, benefiting from the warming of downstream terminal demand, led to a sharp rise in rare earth prices, rare earth permanent magnet plate into a high bearing cycle. With the recent rise in some prices in the domestic light rare earth market, the rare earth and magnetic materials industry is expected to usher in supply and demand structure optimization and valuation improvement, prices are expected to continue to rise in the later stage, and opportunities for strategic allocation of the industry are highlighted.
Recently, a number of companies have issued semi-annual performance forecasts, Hengdian East Magnetic Corporation in the first half of the net profit attributable to shareholders of listed companies is expected to 515.6126 million yuan to 584.3609 million yuan, an increase of 50% to 70% over the same period last year. In addition, various enterprises have expanded their production capacity. Jinli permanent Magnet announced on the evening of July 2 that it plans to build a "project with an annual output of 3000 tons of high-end magnets and 100 million sets of components" through wholly-owned subsidiary Jinli Ningbo Science and Technology Investment, with a total planned investment of 1.1 billion yuan. Zhenghai Magnetic Materials subsidiary Nantong Zhenghai High performance rare Earth permanent Magnet R & D and production Base held the groundbreaking ceremony in Rugao High-tech Industrial Development Zone on June 28. The company proposes to build Rugao base into the largest R & D and production base of rare earth permanent magnets in the world, and to become a modern factory with advanced technology, suitable equipment, efficient logistics, automation, intelligence and environment-friendly. Jintian Copper announced on June 16 that it plans to invest 600 million yuan in the annual production of 8000 tons of high-end rare earth permanent magnet materials and devices.
Zheshang Securities pointed out that as a national strategic resource, after years of rectification, the industry has undergone a qualitative change from quantitative change, and the industrial order has returned. Domestic upstream leading rare earth enterprises can not only expand their market share through the effective growth of rare earth quotas, but also benefit from both scale growth and cost reduction by increasing the proportion of self-produced mines or purchasing low-cost domestic mines. Finally, with the long-term stable high of the rare earth price center, the company's performance increased significantly.
With the deterministic high growth of global demand for new energy vehicles, the amount of praseodymium and neodymium oxide consumed by global new energy vehicles will reach 30% of the current global supply by 2025, and the core variety of rare earths, praseodymium and neodymium oxide, will bring excellent profit elasticity to the industry. and the growth is determined, rare earths as the upstream resource products of new energy vehicles, the current valuation of the industry leader is about 20 times, which has a great valuation advantage in the new energy industry chain.
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