According to the monitoring of the Business News Agency, the price index of the domestic rare earth market rose slightly, and the domestic light rare earth market rose. The rare earth index was 670 points on January 8, down 33.47% from the peak of 1007 points (2022-02-24) in the cycle, and up 147.23% from the lowest point of 271 points on September 13, 2015. (Note: the period refers to 2011-12-01 to now).

The price of domestic metal praseodymium, neodymium oxide, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide rose, and the price of metal praseodymium neodymium was 875000 yuan/ton as of the 9th day, up 1.16% from the 1st day; The price of praseodymium and neodymium oxide was 717500 yuan/ton, 1.06% higher than that of the first day; The price of neodymium oxide was 790000 yuan/ton, 2.60% higher than that of the first day; The price of neodymium metal was 967500 yuan/ton, 1.67% higher than that of the first day; The price of praseodymium metal was 935000 yuan/ton, 2.19% higher than that of the first day; The price of praseodymium oxide is 695000 yuan/ton, and the price trend is temporarily stable.

The supply of light rare earths in China has decreased, and the production cost is high near the end of the year. In addition to the overhaul and factory commissioning at the end of the year, the separation plant and waste recovery enterprises have reduced production and shut down a lot recently. The spot supply of rare earths in the market is in short supply, and the downstream purchasing and stocking sentiment is high, and the light rare earths market is rising. Recently, there have been many production holidays, and the enthusiasm for purchasing is high. The delivery situation of dealers has improved, and the transaction price has risen.

According to statistics, the demand for new energy vehicles is guaranteed. According to the data released by the China Automobile Industry Association, the production and sales of automobiles in China reached 2.386 million and 2.328 million respectively in November 2022, down 8.2% and 7.1% year on year. Among them, the production and sales of new energy vehicles were 768000 and 786000 respectively, up 65.6% and 72.3% year on year, and the market share reached 33.8%. The production and sales of new energy vehicles rose, the demand in the new energy field supported, and the rare earth market rose.

The new energy vehicles, wind power and variable frequency air conditioners in the downstream of the rare earth industry are sustainable development. The supply of production enterprises has been reduced recently. In the short term, the market price of rare earth will still rise. In the long term, the demand for rare earth is still guaranteed. We are optimistic about the development of the rare earth industry.