According to the monitoring of the business community, the domestic rare earth market stopped falling recently, and the price trend of some light rare earth markets rose slightly. On September 12, the rare earth index was 587 points, unchanged from yesterday, 41.71% lower than the peak of 1007 points (2022-02-24) in the cycle, and 116.61% higher than the lowest point of 271 points on September 13, 2015.

Since September 7, the domestic light rare earth market price has ended its three-month decline, and the market price has ushered in a small rise. The domestic prices of neodymium metal, praseodymium metal, neodymium oxide, praseodymium oxide, praseodymium neodymium alloy and praseodymium neodymium oxide all have a small upward trend. On September 13, the price of praseodymium neodymium metal increased by 2500 yuan / ton to 722500 yuan / ton, the price of praseodymium neodymium oxide increased by 2500 yuan / ton to 595000 yuan / ton, and the price of neodymium oxide was 655000 yuan / ton, The price of neodymium metal is 815000 yuan / ton, the price of praseodymium metal is 885000 yuan / ton, and the price of praseodymium oxide is 635000 yuan / ton. Recently, the domestic light rare earth market has stopped falling and rebounded.

The price of the domestic rare earth market has risen slightly. Recently, the number of new downstream orders has increased. In addition, the rare earth industry is gradually entering the peak season, and some downstream businesses are stocking up. However, due to repeated outbreaks in some regions, the wait-and-see mood of magnetic material enterprises remains, and the increase in demand is not very obvious. The increase in rare earth market is limited. Due to the impact on the production of mainstream products such as praseodymium and neodymium oxide in some epidemic areas, the supply side was slightly strained, and the market price rose slightly. Most of the magnetic material enterprises are distributed in Zhejiang. Recently, the sales of downstream new energy vehicles and electric two wheeled vehicles have increased month on month, the demand for spot procurement has increased, and the prices in the market have stopped falling and rebounded. Downstream demand has improved and procurement demand has risen slightly. However, the active offer of the separated enterprises on the market is still not high, the traders’ offer is active, the wait-and-see mood on the market remains, and the light rare earth market has risen slightly.

According to statistics, the demand for new energy vehicles is fairly good. 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 that of last month. Among them, the production and sales of new energy vehicles in August were 691000 and 666000, up 1.2 times and 1 times respectively year-on-year, and the monthly production and sales reached a new record. 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.

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 amount control indicators 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. In 2022, the total control indicators of the first two batches of rare earth mining, smelting and separation were 210000 tons and 202000 tons, respectively, with a significant year-on-year increase. However, the demand gap for rare earth still exists, and the situation of supply exceeding demand 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.