Rare earth market on March 24, 2023
The overall domestic rare earth prices have shown a tentative rebound pattern. According to China Tungsten Online, the current prices of praseodymium neodymium oxide, gadolinium oxide, and holmium oxide have increased by about 5000 yuan/ton, 2000 yuan/ton, and 10000 yuan/ton, respectively. This is mainly due to the enhanced support of production costs and the good development prospects of the rare earth downstream industry.
The 2023 government work report mentioned that “promoting the accelerated development of high-end equipment, biomedicine, new energy vehicles, photovoltaic, wind power and other emerging industries”, and “supporting mass consumption of automobiles, household appliances, and other vehicles, the vehicle ownership exceeded 300 million, an increase of 46.7%.”. The rapid development of emerging industries will greatly increase the demand for rare earth functional materials, thereby boosting supplier confidence in price fixing.
However, investors still need to operate cautiously, as the previously bullish atmosphere in the rare earth market remained strong, mainly reflected in the fact that downstream user demand has not yet significantly increased, rare earth manufacturers continue to release capacity, and some traders still show a slight lack of confidence in the future.
News: As one of the manufacturers of high-performance sintered neodymium iron boron permanent magnetic materials, Dixiong achieved a total operating revenue of 2119.4806 million yuan in 2022, a year-on-year increase of 28.10%; The net profit attributable to the parent company was 146944800 yuan, a year-on-year decrease of 3.29%, and the non net profit deducted was 120626800 yuan, a year-on-year decrease of 6.18%.
Post time: Mar-24-2023