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Sinochem News reported on November 25 that the rare earth permanent magnets sector bottomed out and rebounded.
Involu China rose by more than 7%, and Zhenghai Magnetics, Huayang New Materials, and Dadixiong followed the rise
.
The Ministry of Industry and Information Technology recently released the "High-Performance Motor Development Plan (2021-2025)"
.
Stimulated by the favorable policy, the rare earth permanent magnet sector continued to strengthen
The demand for rare earth permanent magnet materials in the field of wind power is also in full swing
.
CITIC Securities predicts that the global installed capacity of land and sea wind power will reach 130GW in 2025
In addition, emerging downstream demand such as new energy vehicles continues to improve
.
According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in China from January to September reached 2.
CITIC Securities pointed out that as the demand for new energy vehicles continues to erupt, downstream demand for carbon-neutral wind power, energy-saving inverter air conditioners and other downstream demand is steadily improving, and downstream demand for rare earths is expected to continue to improve
.
Driven by the surge in demand, domestic rare earth prices have risen rapidly recently
.
Since October, the domestic spot price of praseodymium oxide and neodymium oxide has risen by 31%, and the year-to-date cumulative increase has reached 91%
CITIC Securities pointed out that the downstream replenishment of rare earths is being actively carried out recently, and the country's heavyweight policy is gradually approaching.
Supply and demand and policy support are expected to resonate
.
The domestic supply of rare earths will still be restricted by the total amount of mining indicators, and the supply-side high-pressure policies such as crackdown and environmental protection will continue, and the increase in overseas supply will be relatively limited.
