The cost is upside down and the price of rare earths is hard to find in stock has risen sharply.

Recent domestic metal neodymium, neodymium oxide, praseodymium oxide, praseodymium alloy and praseodymium neodymium oxide prices have risen sharply. The price of praseodymium and neodymium oxide this week was 1.005 million yuan / ton, up 5.51% from last week; the price of metal praseodymium and neodymium was 1.225 million yuan / ton, up 5.15% from last week

On February 11th, the spot price of SMM praseodymium and neodymium oxide was 1035000 yuan / ton, up 14.68% in the past month.

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At present, the praseodymium and neodymium market remains in tight balance, coupled with the impact of this month's Winter Olympic Games, the start of some enterprises has declined, individual enterprises have stopped production, waste prices remain high, and it is difficult to increase the output of rare earth oxides significantly in a short period of time. Agency analysis pointed out that according to SMM research, due to the severe epidemic situation in Myanmar, Myanmar's imports of mines continued to be tense at the beginning of the year. The supply of NdFeB waste, which accounts for 38% of the upstream oxide supply of rare earths in China, may drop by 20% in February due to factors such as the upside-down cost of waste enterprises, the hard to find waste in stock, and the suspension of production and maintenance during the Spring Festival. The tightening of imported ore and NdFeB waste at the supply end makes the domestic upstream supply of rare earths in a continuous tense situation.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

The annual production capacity of rare earth oxides in the comprehensive utilization of rare earth resources in Huahong Science and Technology is more than 4000 tons.

Shenghe Resources rare Earth business has formed a relatively complete industrial chain from mining, smelting separation to deep processing, realizing the dual layout at home and abroad.