UMAG Rare Earth Material Market Analysis

Rare Earth Material

Recently, rare earth material material prices are fluctuating intensely.

When checking the PrNd and Dy raw material price curve during last three years, both of materials are now at highest level. And the most important is they are keeping increasing sharply.

Many factors are leading to rare earth material increasing, UMAG collect some news from market and analyze as below.

1,Policy, was issued in 15th Jan. The formal regulation will be published soon, News indicate rare earth production capacity would be controlled after the regulation published.

2,Demand, Due to environmental policy like "carbon neutral" and . Rare earth magnetic material is one of most important elements to improve energy efficiency.

China electric car sold 1.4M in 2020 and target for 2021 is 2M, long term target is 5M in 2025. Prosperous market will push rare earth material demand keep going up.

3,Forecast, China domestic economic is better than expection, and World economic will get warm after vaccination gradually. The positive forecast is good for market.

4,Inflation, Most of countries issued economic incentive policy in 2020, excess liquidity money will push all kind of material price increasing, like copper, steel and also rare earth material.

We learned from raw material suppliers that rare earth material will keep increasing after Chinese New Year.

Hope above information will help you learn more about rare earth