On August 8, the rare earth index was 374 points, unchanged from yesterday, down 62.60% from the cyclical peak of 1000 points (2011-12-06), and up 38.01% from the lowest point of 271 on September 13, 2015. (Note: Period refers to 2011-12-01 to date).

The average price of Neodymium in rare earth metals is 387,500 yuan per ton, dysprosium metal is 2.3 million yuan per ton and praseodymium metal is 700,000 yuan per ton. The average price of praseodymium and neodymium oxide in rare earth oxides is 313,500 yuan/ton; dysprosium oxide is 1.95 million yuan/ton; praseodymium oxide is 390,000 yuan/ton; and neodymium oxide is 315,500 yuan/ton. The price of praseodymium and neodymium alloys in rare earth alloys is 387,500 yuan per ton, and the average price of dysprosium and iron alloys is 1.94 million yuan per ton.

Recently, the prices of some products in the rare earth market have risen continuously, the domestic rare earth market has risen, and the prices of some commodities in the rare earth market have temporarily stabilized. However, the prices of some products in the rare earth market have continued to rise, dysprosium metals have warmed up, praseodymium and neodymium series products have continued to rise in the near future, the market supply is normal, and the prices of light rare earths are near. Expectations are higher. The price fluctuation of rare earth market is related to environmental protection supervision in the whole country. Rare earth production has its particularity, especially the radiation hazard of some products, which makes environmental protection supervision stricter. Under strict environmental protection inspection, rare earth separating enterprises in many provinces have stopped production, resulting in a general market input of rare earth oxides, especially some mainstream rare earth oxides, with normal supply and rising prices in the rare earth market. Recently, large enterprise groups in the field are reluctant to sell, and the rare earth market is on the rise, but the pricing of products is still high. Major manufacturers are also cautious.

Recently, the State Environmental Protection Department has made no reduction in its stringent efforts, which has a greater impact on the rare earth industry. The rare earth industry has a low start-up and a cold market. At the recent press conference on macroeconomic operation held by the Development and Reform Commission, Meng Wei, spokesman of the National Development and Reform Commission (NDRC), answering reporters’questions on rare earth, said that on the basis of in-depth investigation and scientific demonstration, relevant policies and measures would be put forward to give full play to the special value of rare earth as a strategic resource. Due to the increasingly obvious regulatory effect, the supply of raw ore resources in the upstream of the rare earth industry has shrunk, the demand in the downstream is normal, and the trading market of the rare earth industry has increased.

Rare earth analysts of business associations expect that the domestic environmental stringency will not decrease in the near future, coupled with the domestic rectification of the order of the rare earth industry, Myanmar’s export restrictions and normal supply, but the recent increase in rare earth market transactions, rare earth market prices are expected to continue to rise.