JL MAG Rare-Earth Industry Price Briefing 08-05~08-09

Week 32, 2019

1. 重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕，镝铁和铽价格继续上涨。亚洲金属网价格: 镨钕金属价格395-400元/KG，镝铁合金价格1930-1950元/KG，金属铽价格5130-5180元/KG。

This week, prices of PrNd, DyFe and Tb continued to rise. Price from Asian Metal at this weekend presented: PrNd metal 395-400RMB/KG, DyFe alloy 1930-1950RMB/KG, and Tb metal 5130-5180RMB/KG.

据外媒报道，澳洲稀土生产企业Lynas预计截止2022年尾，其位于西澳的稀土分离加工厂将正式投入运营。莱纳斯CEO-Amanda Lacaze日前对证券机构披露，无论将来马来西亚的监管系统如何发展，公司的生产和加工业务将全部迁回西澳大利亚。今年6月份，Lynas宣布了一项投入5亿美元、持续时间到2025年的增长计划，包括位于西澳Weld矿山附近的开采设施、在马来西亚的分离加工厂、以及通过美国提案与蓝线公司在美国合资的稀土加工厂。

According to foreign media reports, Lynas, an Australian rare earth manufacturer, is expected to put its rare earth separation processing plant in Western Australia into operation by the end of 2022. Lynas CEO Amanda Lacaze recently told to securities firms that no matter how Malaysia's regulatory system develops in the future, the company's production and processing business will eventually move back to Western Australia. In June, Lynas announced a $500 million growth plan that will last until 2025, including a mining facility near the Weld mine in Western Australia, a separate processing plant in Malaysia, and a joint venture rare earth processing plant in the United States with Blue Line through the U.S. proposal.

2. 业内人士分析Analysis of Professional Insiders

稀土市场镨钕涨势放缓，中重稀土涨势依旧。近期中重稀土受原矿紧缺以及利好消息影响，下游询单日渐增加，成低价逐步上移。实体企业惜售，中间商库存有所缩减，综上预计镝铽系稳中向好。镨钕系高价成压力显现，厂家报价坚挺但磁材观望情绪加重。因为近日涨速较快，而整体成还是较少，上下游博弈，镨钕需要成量稳定住价格；中重稀土还是有原矿的支撑，厂家整体看好后市，南方挂牌价也加深看涨信心，镝铽成虽不多但厂家也惜售。（我的有色网）

In the rare earth market, the uptrend of PrNd slowed down and the medium and heavy rare earth continued to rise. Recently, the medium and heavy rare earth affected by the shortage of raw ore and the positive news. The downstream inquiries are increasing, and the price of transaction has gradually increased. The entity companies are reluctant to sell out, the inventory of broker has been reduced. In conclusion, PrNd is expected to stabilize well. The high-priced transaction pressure of the PrNd appeared, the manufacturer's offer is firm but the wait-and-see sentiment on the magnetic materials increased. Because the recent rapid rise and the overall transaction is still less, upstream and downstream game, PrNd need volume to stabilize the price, medium and heavy rare earth still has the support of the raw ore, Manufacturers are optimistic about the coming market as a whole, the southern listing price also deepened bullish sentiment, with Dy and Tb selling at a low volume but manufacturers are reluctant to sell out. (Mymetal.net)

稀土市场价格震荡与全国范围内的环保督察有关，稀土生产具有特殊性，尤其是部分产品有辐射危害使得环保监管趋严。在环保严查下，多个省份稀土分离企业已经停产，导致稀土氧化物市场投放量一般，尤其一些主流稀土氧化物，供应正常，稀土市场价格走势上涨，近期场内大型企业集团有惜售情绪，稀土市场行情走高，但是对于产品的定价各大厂家也是谨慎观望。(生意社)

The price shock in the rare earth market is related to the nationwide environmental protection supervision. The production of rare earth has its particularity, especially some products have radiation hazard, which makes the environmental protection supervision become stricter. Under the scrutiny of environmental protection, rare earth separation enterprises in several provinces have been shut down, leading to the input amount of rare earth oxide in the market is not high. In particular, the supply of some mainstream rare earth oxides is normal, and the price trend of rare earth market is rising. Recently, large enterprise groups in the market are reluctant to sell out, and the market price of rare earth is rising, however, major manufacturers are cautious to wait and see the pricing of products. (Business Community)

南方稀土发布8月5日稀土氧化物挂牌价

Listing price on August 05th from China Southern Rare Earth

单位：万元/吨（出厂含税价）

Unit: 10,000RMB/ton (EXW price incl. VAT)

3. 趋势图（参考亚洲金属网）Tendency Chart (refer to Asian Metal)

2019年8月9日

August 9, 2019

提示：以上信息仅供参考！

Notes: the information above is for reference only!