According to the monitoring of the business community, the price index of the domestic rare earth market has not changed much, and the domestic rare earth market is mainly stable. On November 28, the rare earth index was 630 points, unchanged from yesterday, 37.44% lower than the cycle’s highest point of 1007 points (2022-02-24), and 132.47% higher than the lowest point of 271 points on September 13, 2015. (Note: the cycle refers to the period from December 1, 2011 to the present).

The domestic prices of neodymium oxide, metal neodymium, praseodymium neodymium alloy and praseodymium neodymium oxide changed slightly, while the prices of metal praseodymium and praseodymium oxide declined. As of September 29, the price of praseodymium and neodymium metal was 800000 yuan/ton, up 1.27% in November; The price of praseodymium neodymium oxide was 660000 yuan/ton, up 2.33%; The price of neodymium oxide was 730000 yuan/ton, down 0.68%; The price of neodymium metal is 910000 yuan/ton, and the price trend is stable; The price of praseodymium metal was 905000 yuan/ton, down 4.23%; The price of praseodymium oxide was 675,000 yuan/ton, down 6.9%.

The circulation of light rare earth in China is relatively cold, the enterprise’s inventory is overstocked, and the downstream inquiry list is cold, so the procurement is poor, and the market situation of light rare earth is weak and difficult to change. The supply of light rare earth is mainly concentrated in Inner Mongolia. Due to the limited transportation in Baotou and other regions, the manufacturer’s shipment is limited, and the production of enterprises is relatively normal, but the transportation is relatively difficult, and the spot supply is reduced. Recently, the inventory of downstream magnetic material merchants still exists, and some manufacturers mainly digest the inventory. The purchasing mood is not good, resulting in the scarcity of orders, dealers’ difficulty in shipping, and the rare earth market remains weak.

The price of dysprosium series of heavy rare earth in China rose slightly. As of the 29th, the price of dysprosium oxide was 2.305 million yuan/ton, up 1.54% in November; The price of dysprosium ferroalloy is 2.285 million yuan/ton, with a price increase of 0.66%; The price of dysprosium metal was 2.98 million yuan/ton, up 0.85%; The price of domestic terbium is mainly stable. The price of domestic terbium oxide is 13.1 million yuan/ton, and the price of metal terbium is 16.425 million yuan/ton. The price of heavy rare earth is mainly stable. The raw material inventory of separation enterprises in the regions where rare earth mines are used in Sichuan and other regions is reduced. Production enterprises are gradually starting to work. The supply of heavy rare earth is increased. The price of heavy rare earth has not changed much. However, Myanmar’s exports are limited, and the global supply of rare earths is 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 market price of heavy rare earth remains high.

According to the data released by the China Association of Automobile Manufacturers, the production and sales of automobiles in China will reach 2.599 million and 2.505 million respectively in October 2022, up 11.1% and 6.9% year on year. Among them, the production and sales of new energy vehicles reached 762000 and 714000 respectively, with year-on-year growth of 87.6% and 81.7%, and the market share reached 28.5%. The production and sales of automobiles rose, the demand in the new energy field was still supported, and the price in the domestic rare earth market was mainly stable.

The new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earths have achieved sustainable development. Recently, downstream businesses have gradually started their procurement mode. In the short term, the price of rare earths in the market has risen slightly. In the long term, the demand for rare earths is still guaranteed, and they are optimistic about the development of the rare earth industry.