JL MAG Rare-Earth Industry Price Briefing 02-22~2-26

Week 06，2021

1.     重要新闻简报Briefing of Important News

本周稀土市场行情，镨钕、金属钕、镝铁和铽的价格大幅上涨。亚洲金属网周末价格: 镨钕金属价格655-660元/KG，上海有色网670-700元/KG；金属钕价格790-795元/KG，上海有色网830-840元/KG；镝铁合金价格2600-2620元/KG，上海有色网2680-2780元/KG；金属铽价格11700-11750元/KG，上海有色网11800-12200元/KG。

This week, the price of PrNd, Nd metal, DyFe and Tb rose substantially. Price from Asian Metal at this weekend presented: PrNd metal 655-660 RMB/KG and 670-700 RMB/KG from Shanghai Nonferrous Metals; Nd metal 790-795 RMB/KG and 830-840 RMB/KG from Shanghai Nonferrous Metals; DyFe alloy 2,600-2,620 RMB/KG and 2,680-2,780RMB/KG from Shanghai Nonferrous Metals; Tb metal 11,700-11,750 RMB/KG and 11800-12200RMB/KG from Shanghai Nonferrous Metals.

2.       业内人士分析Analysis of Professional Insiders

本周稀土市场涨幅与涨速达到了近十年以来的峰值，稀土各主流产品价位也达到了近十年以来的新高。

This week, the rare earth market rose at its fastest rate in recent ten years, and the price of major rare earth products reached a new high level in recent ten years.

当下的稀土涨势有需求的支撑，然而需求源于经济手段刺激，更与全球后疫情时代的大通胀、货币政策大放水密切相关。稀土行业并不排斥上涨，合理的涨速在供需两旺的当下对上下游乃至对于整条延伸后的产业链均有正面效果，但暴涨往往会缩短行业上行时间，影响产业链发展。

The current rise in rare earth is supported by demand. However, the demand stems from economic measure stimulus and is closely related to the global post-epidemic era of great inflation and monetary policy easing. The rare earth industry does not reject the rise. A reasonable growth rate will have positive effects on the upstream and downstream sectors and even the entire extended industrial chain when supply and demand are booming. However, the boom will often shorten the upward time of the industry and affect the development of the industrial chain.

后期预测：不同于2011年与2017年，当下的上涨有需求的支撑，泡沫成分虽在，但相对走势更为坚实。即使经历了本周的暴涨，短期内稀土各系产品仍会保持继续上涨的趋势。虽然本周后期趋于理性，但暴涨再现的可能仍在，届时本轮上涨的长度预期则相应继续缩短。（瑞道稀土资讯）

Late prediction: different from 2011 and 2017, the current rise has the support of demand, although there are bubble components, but the relative trend is more solid. Even after this week's surge, rare earth products will continue to rise in the short term. Although the latter part of the week tends to be rational, the possibility of a return of boom is still there, at which point the expected length of the boom will continue to shorten accordingly. (Redo Rare Earth Information)

南方稀土发布2月22日稀土氧化物挂牌价

Listing Price of Rare Earth Oxides on February 22nd from CSRE

单位：万元/吨（出厂含税价）

Unit: 10 thousand RMB/ ton (EXW price incl. tax)

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

2021年02月26日

February 26th, 2021

提示：以上信息仅供参考！

Notes: the information above is for reference only!