According to the Commodity Market Analysis System of Business Society, the price index of the domestic rare earth market has little fluctuation, and the domestic light rare earth market is mainly stable. On June 18, the rare earth index was 480 points, a decrease of 52.33% from the highest point of 1007 points in the cycle (2022-02-24), and an increase of 77.12% from the lowest point of 271 points on September 13, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present)

The domestic prices of neodymium oxide, praseodymium oxide, and praseodymium neodymium alloy are mainly stable, with metal neodymium and metal praseodymium prices slightly increasing, while praseodymium neodymium oxide prices slightly decreasing. As of the 19th, the price of metal praseodymium neodymium was 577500 yuan/ton, and the price remained stable this week; The price of praseodymium neodymium oxide was 495000 yuan/ton, with a weekly price decrease of 1.49%; The price of neodymium oxide is 505000 yuan/ton, and the weekly price remains unchanged; The price of neodymium metal is 640000 yuan/ton, with a weekly price increase of 0.79%; The price of metal praseodymium is 655000 yuan/ton, with a weekly price increase of 3.15%; The price of praseodymium oxide is 515000 yuan/ton, and the weekly price is stable.

In mid June, the light rare earth market was mainly volatile, and in May, the light rare earth market stopped falling and rebounded. In the early stage, the price of light rare earth had been declining for a long time, and due to the increase in inquiries, the prices quoted by the holders were relatively firm, resulting in an increase in actual transaction prices. However, after June, demand support was insufficient, and the light rare earth market was mainly volatile. At present, the price of metal praseodymium neodymium is still upside down, mainly to ensure the supply of long-term orders. Intermediaries are cautious in replenishing small quantities, and transactions are limited. Recently, both rare earth production and market inventory have decreased, with a tight supply of raw materials and limited market stock. Sellers are cautious in their quotations, and the transaction situation is average. Downstream procurement is mainly based on demand, and the overall trend of rare earth product prices is relatively stable.

After years of governance, the domestic rare earth industry has gradually formed a supply pattern with large groups as the main body and relatively concentrated raw materials. With the continuous development of the foreign rare earth industry, China’s share of rare earth production has decreased from 90% to 70%. According to statistics, the production and sales of new energy vehicles completed 713000 and 717000 units respectively in May, with year-on-year growth of 53% and 60.2%, and a market share of 30.1%. From January to May, the production and sales of new energy vehicles completed 3.05 million and 2.94 million units respectively, with year-on-year growth of 45.1% and 46.8%, and a market share of 27.7%. Recently, the country has accelerated the construction of charging infrastructure to better support the entry of new energy vehicles into rural areas, which is conducive to unleashing the consumption potential of rural areas, increasing the sales of new energy vehicles, and increasing the production and sales of new energy vehicles, which is beneficial for the domestic rare earth market.

Future Market Forecast: In the near future, the supply of rare earth production enterprises is normal, and the order and reserve quantities of neodymium iron boron enterprises have increased, laying the foundation for the rise of rare earth prices in the future. It is expected that the rare earth market prices will mainly fluctuate and rise in the short term. In the medium to long term, there is a lack of primary and renewable supply sources, and dysprosium and terbium oxides will also face shortages. In addition, in energy-saving motors, industrial robots, wind power, variable frequency air conditioning Driven by emerging and traditional demand such as consumer electronics, the global demand for rare earth permanent magnets is expected to continue to grow.