According to the China Rare Earth Industry Association, the rare earth price index on February 15, 2022 was 426.8, up 6.2 points from the 14th, reaching a record high.
There is strong demand in emerging fields such as new energy vehicles, wind power, industrial motors and variable frequency air conditioning. Orders of large magnetic material enterprises have increased significantly and are generally full. The supply increment is limited, the contradiction between supply and demand is prominent, and the price rise expectation of the industrial chain is strong, showing that the downstream inventory is not high and the upstream is reluctant to sell. The price rise trend has been formed and is difficult to reverse. Industry inventory is at an all-time low. Institutional analysis pointed out that low-carbon demand for new energy vehicles, industrial energy-saving motors and wind power generation has been fully opened, and the demand has increased rapidly. The supply and demand pattern was reshaped, and the tight balance promoted the rare earth price to maintain a high level.
According to the theme database of financial Associated Press, among the relevant listed companies:
Yantai Zhenghai Magnetic Material Co.Ltd(300224) has successfully developed internationally leading 54uh, 50eh and 44ah Nd-Fe-B series products. The company’s energy-saving and new energy vehicle products have achieved mass production or fixed-point production among the top ten automobile manufacturers in the world.
Ningbo Yunsheng Co.Ltd(600366) has mastered the grain boundary diffusion technology for regulating the distribution of heavy rare earth elements in magnets and the reduction control technology of heavy rare earth elements in magnets. It has established in-depth cooperative relations with 6 of the top 10 main drive motor plants and successfully entered the supply chain of mainstream end customers such as Byd Company Limited(002594) .
