Re-active rare earth permanent magnet plate Yinglohua Lianglian Board [SMM News]

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At the start of trading today, Yinglohua quickly sealed the trading limit after a small concussion, while in intraday trading yesterday, Inlohua also once pulled up nearly 18% to seal the trading limit, recording a trading limit for two days in a row. In addition to Yinglohua, the rare earth permanent magnet plate many stocks performance boom, North Mining Technology also recorded the limit board, Lizhong Group, Ningbo Yunsheng and so on have followed up.

On the news side, the 13th China Baotou rare Earth Industry Forum was held in Baotou yesterday. Chang Guowu, deputy director of the Department of Raw material Industry of the Ministry of Industry and Information Technology, said during the forum that he supported rare earth groups and other groups to take the lead in setting up innovative consortia; appropriately and orderly put in rare earth exploration rights and mining rights to further improve the management of rare earth total quantity control indicators; and study and improve the green mining supply of ion-type medium and heavy rare earth mines in the south. In addition, Chang Guowu pointed out that we should strengthen the ability to guarantee the supply of rare earth products, put rare earth exploration and mining rights in an appropriate and orderly manner, strengthen the exploration of Bayan Obo Mine and medium and heavy rare earth resources, find out the resources reserves, expand the exploitable scale of resources, make overall use of domestic and foreign resources, further improve the management of total rare earth quantity control indicators, and standardize the management of processing and utilization of imported mines and industrial wastes containing rare earth resources.

Yang Wenhao, vice president and secretary general of the China rare Earth Industry Association, also pointed out at the forum that the development momentum of new rare earth materials is good. From January to November 2021, the national output of new rare earth materials was 191000 tons, an increase of 20.5 percent over the same period last year. Driven by the growth in demand for rare earth materials, product prices have rebounded, and the operating income of enterprises in the upstream and downstream of the rare earth industry has achieved good growth. The rare earth industry should grasp the general tone of seeking progress in the midst of stability and give full play to the role of the upstream backbone enterprises in the production of rare earth raw materials as a regulator and ballast stone in the market. Strengthen industry self-discipline, optimize marketing model, reduce intermediate links, prevent hoarding and speculation, and strengthen mutually beneficial and win-win cooperation between upstream and downstream entity enterprises. Build a community of interests and a shared future in the supply chain of the rare earth industry chain, establish a coordinated and stable relationship between supply and demand, and avoid the adverse impact of frequent and large fluctuations in market prices on upstream and downstream enterprises.

Recently, the rare earth industry has acted frequently. Recently, northern rare earths and Chinese rare earths signed a strategic cooperation agreement, and the two sides will cooperate on rare earth trade and deep processing to extend the industrial chain of rare earth cooperation. Minmetals and rare earths had previously announced that the company had been informed by the actual controller, China Minmetals Group Co., Ltd., that Chinalco, China Minmetals Group Co., Ltd., and the people's Government of Ganzhou City were planning a strategic restructuring of relevant rare earth assets. The relevant plan has not yet been finalized and needs to be approved by the relevant competent authorities. It is reported that China rare Earth Group will be set up in Jiangxi Province as soon as this month and is made up of the rare earth assets of a number of state-owned enterprises, including China Minmetals, Chinalco and Ganzhou rare Earth Group.

In terms of rare earth prices, rare earth prices have been stable for nearly a month after a continuous rise. On December 20, the spot price of SMM praseodymium neodymium oxide averaged 847500 yuan / ton.

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Northeast Securities Research News believes that the attribute of new energy is strengthened and the supply-side policy is strongly supported, and the valuation system of the rare earth industry is reconstructed. Nowadays, the supply and demand pattern of the industry is being reshaped: the strengthening of material properties in the upstream of new energy is giving higher growth to the demand side of rare earths. The proportion of new energy demand in the downstream demand of praseodymium and neodymium oxide is expected to further rise to 23% and 29% in 2023 / 2025, the structure of rare earth demand will be reshaped, and the logic of high growth of lithium and cobalt demand driven by new energy track in history is expected to be repeated in the future. At the same time, the characteristics of strict policy control and high concentration of the industry make the supply side of rare earths even better than lithium cobalt, and may have a stronger ability to travel through the cycle in the future. Rare earths are ushering in the restructuring of the valuation system to seize the opportunity of revaluation of core assets with global pricing power.

Guoxin Securities said that the demand for energy conservation and consumption reduction promotes the new development of rare earth consumption. In recent years, permanent magnet motor has been developed rapidly. compared with induction motor, permanent magnet Synchronize motor adopts permanent magnet excitation and does not need reactive excitation current, which can significantly improve power factor and efficiency. Among them, the energy efficiency level of rare earth permanent magnet motor is more excellent. In the context of carbon neutralization, energy costs are rising, and under the guidance of policy, the permeability of rare earth permanent magnet motors is expected to continue to increase, driving up the demand for rare earths.