On March 24, the rare earth index was 342 points, unchanged from yesterday, 65.80% lower than the highest point in the cycle, 1000 points (2011-12-06), and 26.20% higher than the lowest point, 271 point, on September 13, 2015. (Note: cycle refers to 2011-12-01 to now).

The average price of neodymium, dysprosium and praseodymium is 377500 yuan / ton, 2325000 yuan / ton and 645000 yuan / ton respectively. In rare earth oxides, the average price of praseodymium neodymium oxide is 272000 yuan / ton; that of dysprosium oxide is 15000 yuan / ton to 1870000 yuan / ton; that of praseodymium oxide is 320000 yuan / ton; and that of neodymium oxide is 291500 yuan / ton. The price of praseodymium neodymium alloy in rare earth alloy is 343500 yuan / ton, and the average price of dysprosium ferroalloy is decreased by 20000 yuan / ton to 1.83 million yuan / ton.

The price trend of heavy and rare earth in the rare earth market has fallen, the supply of domestic heavy and rare earth market has increased, and the import source of heavy and rare earth is tight. Myanmar has unilaterally closed the customs clearance port, but the domestic manufacturers continue to resume work, the domestic supply has increased, and the price trend of domestic heavy and rare earth has slightly dropped. In the near future, permanent magnet demand is normal, market trend of praseodymium and neodymium series products is mainly low, on-site supply is normal, light rare earth demand is general in the near future, and some market prices are slightly down. The price fluctuation of rare earth market is related to the national environmental protection supervision. Rare earth production has particularity, especially some products have radiation hazards, which makes the environmental protection supervision more strict. Under the strict inspection of environmental protection, the manufacturer reasonably controls the sales, but the downstream demand has not changed much in the near future, and the price trend of most rare earths is mainly stable.

According to the Ministry of industry and information technology and other documents, by 2025, the sales of new energy vehicles will account for about 25%. Global electrification is stepping into the acceleration period of high-quality models at the supply side. China’s double point policy and European carbon emission requirements have established a long-term development mechanism for new energy vehicles. Driven by national policies, the supply and demand pattern of rare earth industry is expected to further improve, domestic demand in China has improved, and the price of heavy rare earth in domestic rare earth market remains high. Recently, the Ministry of natural resources and the Ministry of industry and information technology issued the notice on the issuance of the total amount control index (the first batch) for the exploitation of rare earth ores and tungsten ores in 2020, which clarified that the total amount control index for the exploitation of the first batch of rare earth ores (rare earth oxide REO) in China is 66000 tons, and the total amount control index for the exploitation of tungsten concentrate (65% of tungsten trioxide) is 52500 tons. The national policy is conducive to the balance of supply and demand of rare earth industry. In the near future, the market supply of heavy rare earth has increased, and the market price has dropped slightly.

Rare earth analysts of business agency expect the supply of domestic heavy rare earth market to increase in the near future, but Myanmar’s rare earth export is prohibited, and the rare earth market is still expected to decline, but most of the product prices are stable.