According to the China Rare Earth Industry Association, on February 22, 2022, the rare earth price index was 431.0, up 4 points from the previous day, reaching a record high. It is nearly 27% higher than 339.7 on December 31, 2021.
Analysts pointed out that the core reason for the recent strong rare earth prices is the mismatch between supply and demand. On the supply side: Although the production index of rare earth in the first half of the year announced before the festival is generally in line with expectations, it is at the lower limit of expectations. At the same time, under the severe epidemic situation in Myanmar, the supply disturbance of rare earth imported ore may continue; Demand side: driven by the high-speed demand of new energy vehicles, wind power and industrial motors, the magnetic material factory has full orders. According to frost Sullivan’s prediction, the output of rare earth permanent magnet materials in China and the world will reach 284000 tons and 310000 tons respectively in 2025.
According to the theme database of financial Associated Press, among the relevant listed companies:
Sinomag Technology Co.Ltd(300835) with an annual output of 30000 tons of sintered permanent ferrite products and 40 million commutators, it is one of the largest permanent ferrite manufacturers in China.
Earth-Panda Advanced Magnetic Material Co.Ltd(688077) the overall capacity of sintered NdFeB is 6000 tons / year, and it is expected that the overall capacity will reach 8000-10000 tons / year by the end of 2022.
