China Rare Earth Price - Feb. 8, 2022

China rare earth price has not changed significantly for the time being after the holiday of Chinese Lunar New Year due to the general influence of traders' initiative in entering the market. The current prices of praseodymium neodymium oxide and praseodymium neodymium metal are 960,000 yuan/ton and 1,170,000 yuan/ton respectively, and the prices of terbium oxide and dysprosium oxide are about 13,800 yuan/kg and 3,050,000 yuan/ton respectively.

From the perspective of the supply side, due to the Spring Festival holiday, some rare earth smelting and separation enterprises still maintain normal production status, and many downstream magnetic material enterprises have stopped production and holiday, so the current inventory of rare earth raw materials is more than before the Spring Festival, but due to the stricter environmental protection policies Influenced by factors such as tight coal power supply in winter, the release rate of rare earth production enterprises has not yet reached the optimal level.

From the perspective of demand, due to the impact of the holiday just ended, the enthusiasm of magnetic material companies to receive goods is still relatively weak, so the growth rate of orders is slow, but in the long run, the development prospects of the new energy market are good, and the future can be largely increase the demand for rare earth functional materials.

News: The National Energy Administration said that by the end of 2021, China's installed renewable energy power generation capacity reached 1.063 billion kilowatts, accounting for 44.8% of the total installed power generation capacity. Among them, the installed capacity of hydropower is 391 million kilowatts (including 36 million kilowatts of pumped storage), the installed capacity of wind power is 328 million kilowatts, the installed capacity of photovoltaic power generation is 306 million kilowatts, and the installed capacity of biomass power generation is 37.98 million kilowatts. %, 12.9% and 1.6%.

Prices of rare earth products on Feb. 8, 2022

Picture of terbium oxide

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