Guolian Securities: Rare Earth Prices Expected to be Supported by Supply and Demand Imbalance by 2024. Guolian Securities research report pointed out that in 2024, the total quantity control principle on the supply side of rare earths will remain unchanged, and the demand side will benefit from rapid growth in areas such as new energy vehicles, wind power, and industrial robots, leading to a shift in the supply-demand pattern towards a shortage. It is predicted that the global demand for praseodymium neodymium oxide will be 97,100 tons in 2024, an increase of 11,000 tons compared to the previous year; the supply will be 96,300 tons, an increase of 3,500 tons compared to the previous year; resulting in a supply-demand gap of -800 tons. At the same time, as the integration of China's rare earth industry chain accelerates, and the industry concentration increases, rare earth groups are expected to increase their dominance in the industry chain and their ability to control prices, enhancing their support for rare earth prices.