Demand for magnetic materials increases and supply is tight. Rare earth prices

reboundRecently driven by factors such as the increase in demand for downstream magnetic materials, the market supply is tight and the price of rare earth has rebounded. The data showed that cerium oxide rose by nearly 7% on the 3rd, and rose by 18.5% in the past week. The varieties of cerium oxide, metal lanthanum and cerium oxide also increased in

different degrees.Since the beginning of the year, the price of rare earth has started to rise, and the price of some varieties has increased by nearly 10%. The rare earth in the north has repeatedly raised the price of rare earths. Judging from the situation of China's rare earth exports, in February 2017, the volume increase was also down, but in

March the data has already appeared in the situation of increasing volume and price.The rise in the price of rare earths, on the one hand, stems from the effect of the combination of policy. Frequent small batch storage, special blackouts, six major rare earth control, and rare earth prices ushered in upward market. On the other hand, the trend from

rare earth consumption is improving, and supply and demand are improving. Rare earth magnetic materials account for a quarter of the consumption of rare earths, and its annual consumption growth rate reaches 10%. In addition, there are steady growth in other large application areas such as catalysts and metallurgy. Demand has risen while the quota

indicator has remained the same, combined with the normalization of rare earth blackening, the actual supply contraction, and the price of rare earths.