According to the monitoring of the business community, the price index of rare earth has risen recently, and the market of the domestic rare earth industry has improved. On September 19, the rare earth index was 605 points, up 3 points from yesterday, down 39.92% from the peak of 1007 points (2022-02-24) in the cycle, and up 123.25% from the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

It can be seen from the product price trend chart that the price trend of the domestic light rare earth market has warmed up, and the market has risen significantly. The prices of domestic metal neodymium, metal praseodymium, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide have all risen in different ways. On the 20th, the price of metal praseodymium neodymium rose by 55000 yuan/ton to 795000 yuan/ton, the price of praseodymium neodymium oxide rose by 50000 yuan/ton to 665000 yuan/ton, and the price of neodymium oxide rose by 55000 yuan/ton to 725000 yuan/ton, The price of neodymium metal rose by 30000 yuan/ton to 865000 yuan/ton, the price of praseodymium metal rose by 20000 yuan/ton to 845000 yuan/ton, and the price of praseodymium oxide rose by 65000 yuan/ton to 725000 yuan/ton. Recently, the price of domestic light rare earth market has risen significantly.

The price trend of the domestic rare earth market has risen. Recently, the downstream magnetic material factories have started to replenish their warehouses before the National Day holiday. In addition, the rare earth industry has gradually entered the peak season, and some downstream businesses are stocking up. The demand has increased, and the rare earth market has risen. Due to the impact on the production of mainstream products such as praseodymium and neodymium oxide in some epidemic areas, the supply side was tight, and the market price trend rose. Recently, the sales of downstream new energy vehicles and electric two wheeled vehicles have increased month on month, the demand for spot purchases has risen, and the market price has risen. Downstream demand improved, replenishment increased, traders offered actively, wait-and-see sentiment remained on the market, and the light rare earth market rose.

According to statistics, the demand for new energy vehicles has improved. According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in China will reach 2.395 million and 2.383 million respectively in August 2022, with year-on-year growth of 38.3% and 32.1%, both higher than last month. Among them, the production and sales of new energy vehicles in August were 691000 and 666000, respectively, with a year-on-year growth of 1.2 times and 1 time, and the monthly production and sales reached a new record high. The production and sales of automobiles have increased significantly. Recently, the demand in the new energy field is still supported. The price of the domestic light rare earth market has been supported to a certain extent, and the price trend has risen.

The heavy rare earth market did not increase much. On the 20th, the price of dysprosium oxide was 2.195 million yuan/ton, the price of dysprosium ferroalloy was 2.175 million yuan/ton, and the price of dysprosium metal was 2.865 million yuan/ton. The price of heavy rare earth rose slightly. The production enterprises began to work gradually, and the rare earth market atmosphere improved slightly. In addition, the export of Myanmar was limited. The global supply of rare earth was relatively concentrated. Myanmar is one of the production areas next to China and the United States. Myanmar has a great influence on the domestic heavy rare earth market products, and the price of heavy rare earth on the market has risen.

In addition, the first batch of rare earth total amount control indicators in 2022 met expectations, and the industry pattern continued to optimize. The Ministry of Industry and Information Technology and the Ministry of Natural Resources issued the total control index for the second batch of rare earth mining, smelting and separation in 2022. In 2022, the total control indicators of the second batch of rare earth mining, smelting and separation will be 109200 tons and 104800 tons respectively. The total control indicators of rare earth mining, smelting and separation in the first two batches in 2022 are 210000 tons and 202000 tons respectively, up sharply year on year. However, the demand gap for rare earth still exists, and the situation of oversupply has not improved.

The new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earths have achieved sustainable development. Due to repeated epidemics in some regions, downstream procurement is limited. However, the orders of magnetic material enterprises have increased recently, and some enterprises have gradually started replenishment. In addition, with the start of rare earth peak season, business community analyst Chen Ling expects the rare earth market to rise.