According to the monitoring of the Business News Agency, the price index of the rare earth market has continued to decline since March, and the trend of the domestic rare earth market has declined. The rare earth index was 587 points on March 6, down 15 points from yesterday, down 41.71% from the highest point of 1007 points in the cycle (2022-02-24), and up 116.61% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to 2011-12-01 to now).

The prices of neodymium oxide, metal neodymium, praseodymium oxide, metal praseodymium praseodymium neodymium oxide and metal praseodymium neodymium all fell in China. As of the 7th, the price of metal praseodymium neodymium was 755000 yuan/ton, down 7.93% from the 28th; The price of praseodymium and neodymium oxide was 625000 yuan/ton, down 8.42% since March; The price of neodymium oxide was 655000 yuan/ton, down 7.09%; The price of neodymium metal was 815000 yuan/ton, and the price trend fell by 8.94% in March; The price of praseodymium metal was 820000 yuan/ton, down 7.87%; The price of praseodymium oxide was 635000 yuan/ton, down 5.58%.

The domestic light rare earth market demand is hard to be optimistic. The downstream magnetic material enterprises still focus on digesting the inventory. The new order situation is rare and the purchase is very light. The metal demand situation in the rare earth market has not improved. Some metal factories have almost no transactions. In addition, the transaction situation of the rare earth oxide inquiry is also not optimistic. The prices of the holders continue to decline. In the near future, the downstream procurement is very cold, coupled with the gradual resumption of production enterprises, the supply of light rare earth market is increasing, and the negative factors are superimposed, and the domestic light rare earth market price is mainly declining.

The price of domestic heavy rare earth dysprosium series fell, and the price of dysprosium oxide was 1.97 million yuan/ton as of the 7th, down 8.8% from the price of the 28th; The price of dysprosium ferroalloy was 1.96 million yuan/ton, down 9.26%; The price of dysprosium metal was 2.79 million yuan/ton, down 5.9%; The price of domestic terbium is mainly declining. The price of domestic terbium oxide is 10.55 million yuan/ton, and the price of metal terbium is 13.95 million yuan/ton. The price of heavy rare earths has continued to decline, the production enterprises in Sichuan and other places have started to rise, and the downstream procurement is scarce. The oversupply has made the market price decline difficult to change. However, Myanmar’s exports are limited, and the global supply of rare earth is relatively concentrated. Myanmar is one of the production areas next only to China and the United States. Myanmar has a great impact on the products in the domestic heavy rare earth market, and the market price of heavy rare earth is lower.

According to the data released by the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China reached 425000 and 408000 respectively in January 2023, down 46.6% and 49.9% on a month-on-month basis, down 6.9% and 6.3% on a year-on-year basis, and the market share reached 24.7%. The production and sales of new energy vehicles have declined, the demand for new energy has declined, and the price trend of domestic rare earth market has declined.

The recent purchase list of rare earth downstream businesses shows poor demand. In addition to the increase in upstream supply, the contradiction between supply and demand is acute, and the transaction situation is rare. In the short term, the price of rare earth market is mainly declining. In the long term, the new energy vehicles, wind power, and variable frequency air conditioning in the downstream of rare earth are sustainable development. The demand in the new energy field is still guaranteed, and the development of rare earth industry is optimistic.