According to the monitoring of the Business News Agency, the price index of the domestic rare earth market fell mainly, and the domestic rare earth market declined. The rare earth index was 668 points on February 12, down 33.66% from the highest point of 1007 points in the cycle (2022-02-24), and up 146.49% 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 13th, the price of metal praseodymium neodymium was 875000 yuan/ton, down 2.23% this week; The price of praseodymium and neodymium oxide was 715000 yuan/ton, down 4.35%; The price of neodymium oxide was 785000 yuan/ton, down 1.88%; The price of neodymium metal was 965000 yuan/ton, with a price decline of 2.03%; The price of praseodymium metal was 915000 yuan/ton, with a decline of 2.14%; The price of praseodymium oxide was 705000 yuan/ton, down 1.40% this week.

The domestic light rare earth market inquiry list is cold and the demand is poor. The downstream magnetic material enterprises have sufficient stock before the festival. The downstream enterprises mainly digest the inventory. 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 rare earth oxide inquiry list is 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 2.365 million yuan/ton as of the 13th, and the price fell by 3.27% this week; The price of dysprosium ferroalloy was 2.355 million yuan/ton, down 3.29%; The price of dysprosium metal was 3.145 million yuan/ton, with a price decline of 2.02%; The price of domestic terbium is mainly declining. The price of domestic terbium oxide is 13.7 million yuan/ton, and the price of metal terbium is 17.4 million yuan/ton. The price trend of heavy rare earths has declined. The raw material inventory of separation enterprises in rare earths mining areas in Sichuan and other places has increased, the production of production enterprises has increased, the downstream procurement is scarce, and the market price has declined slightly. 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 price decline in the heavy rare earth market is limited.

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 new energy vehicles, wind power and variable frequency air conditioners in the downstream of rare earth are sustainable development. In the near future, the procurement of downstream businesses is cold, coupled with the increase of upstream supply, the dealers holding goods are unwilling to sell at low prices, and the transaction is very cold. In the short term, the price of the rare earth market is mainly declining. In the long term, the demand in the new energy field is still guaranteed, and the development of the rare earth industry is optimistic.