Strong rare earth prices soaring stocks rebound

Shenzhen stock index opened higher on Thursday, intraday stock index continues to strengthen, rare earth permanent magnet stocks Thursday continued brave, Minmetals Rare Earth, Baotou Steel Rare Earth strong limit, three rings rose 8.82 percent, Hengdian East magnetic also rose more than 3 %.

Message level, beginning last month, rare earth prices continued to rebound. Jiangxi and Guangdong provinces jointly combat illegal mining operations commence, then dilute the Baotou Rare Earth announced subordinate election plant shutdown for six months, the market is expected tight supply of rare earth ore. And up to 2 years experience in the industry down cycle, whether they are rare or intermediate traders are manufacturers there is a strong willingness to shill bidding, product prices to rebound, suppliers have raised rubidium oxide, praseodymium oxide, dysprosium and other prices. Where the heavy rare earth there was a substantial rise. With dysprosium oxide or front, for example, in early June the lowest price point, dysprosium oxide quoted at 1.25 million yuan per ton to 135 yuan, the current offer of dysprosium oxide 1.6 million yuan per ton to 175 yuan, or more than 25%.

Recent rare earth permanent magnet overall rise in stocks, but there is short-term trading opportunities, the industry is not actually a fundamental turn for the better, and the downstream industry needs no amplification, so that we on the rare earth prices rebounded late persistence cautious. For this segment we're only promising heavy rare-earth stocks, there may be other stocks differentiation trend. Relatively more optimistic about the magnetics and lithium resource sector and long-term investment value. If Minmetals Rare Earth, Baotou Steel Rare Earth, the color of shares, Hengdian East magnetic, Ningbo Yunsheng other firms can focus on.


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