Rare earth prices edge up

　　Rare earth prices have risen slightly since May
.
Market monitoring data show that praseodymium oxide rose from 900,000 yuan (ton price, the same below) in early May to 955,000 yuan at the end of May, an increase of 6.
1%; neodymium oxide rose from 895,000 yuan to 965,000 yuan, an increase of 7.
8 %; dysprosium oxide rose from 2.
6 million yuan to 2.
62 million yuan, an increase of 0.
77%; praseodymium neodymium alloy rose from 1.
05 million yuan to 1.
155 million yuan, an increase of 10%
.

　　From the perspective of supply and demand, rare earth production is limited
.
In terms of sales, rare earths are widely used in new energy vehicles.
Although the growth rate of the new energy vehicle market has slowed down significantly compared with the previous period due to the impact of the epidemic, the growth rate of new energy vehicle production and sales in April still achieved an increase of more than 40%, and the demand for rare earths increase
.
According to the data of the National Passenger Vehicle Market Information Association, in April, the production and sales of new energy vehicles in China were 312,000 and 299,000, up 43.
9% and 44.
6% year-on-year
.

　　From the perspective of exports, according to the statistics of the General Administration of Customs, in April, China exported a total of 4,427 tons of rare earths, an increase of 18.
5% year-on-year; the export value increased by 54.
947 million US dollars, an increase of 100.
8% year-on-year, showing a good trend of increasing prices and volume, which also supported rare earths.
Prices moved higher
.

　　Regarding the market outlook, the business agency analyzed that the sustainable development of new energy vehicles, wind power, and inverter air conditioners downstream of rare earths is guaranteed in terms of long-term demand.
In addition, the recent news of resumption of work and production has continued to spread, and the enthusiasm for downstream procurement has increased
.
With the continuous changes in the global supply pattern of rare earth raw materials and the strengthening of the domestic rare earth industry standardization and governance, it is expected that the domestic rare earth market price may continue to rise slightly
.