On November 23, Gelonghui rose 20%, Galaxy Magnet and Earth Bear rose more than 14%, Jinli permanent Magnet rose more than 10%, Yingluohua rose 10%, Baotou Steel, Huahong Technology and Ningbo Yunda approached the limit. Northern rare earths, Zhongke Sanhuan, Minmetals rare earths, etc.
The latest statistics released by the Chinese Customs show that exports of rare earths and their products in October were 9017 tons, up 52.9 percent from a year earlier.
In addition, CITIC's latest research report points out that as the demand for new energy vehicles continues to break out, the downstream demand for carbon-neutral wind power and energy-saving frequency conversion air conditioners is steady, and the downstream demand for rare earths is expected to continue to improve. It is expected that during the 14th five-year Plan period, the domestic supply of rare earths will still be limited by the total amount of mining, the supply-side high-pressure policies such as cracking down on gangs and environmental protection will continue, and the increment of overseas supply will be relatively limited in the next five years. Global rare earth supply and demand may be in a tight balance for a long time. It is expected that the price of rare earths will improve steadily in 2022, and the profits of companies related to the rare earth industry chain are expected to grow sustainably in the long term.
The latest statistics released by the Chinese Customs show that exports of rare earths and their products in October were 9017 tons, up 52.9 percent from a year earlier.
In addition, CITIC's latest research report points out that as the demand for new energy vehicles continues to break out, the downstream demand for carbon-neutral wind power and energy-saving frequency conversion air conditioners is steady, and the downstream demand for rare earths is expected to continue to improve. It is expected that during the 14th five-year Plan period, the domestic supply of rare earths will still be limited by the total amount of mining, the supply-side high-pressure policies such as cracking down on gangs and environmental protection will continue, and the increment of overseas supply will be relatively limited in the next five years. Global rare earth supply and demand may be in a tight balance for a long time. It is expected that the price of rare earths will improve steadily in 2022, and the profits of companies related to the rare earth industry chain are expected to grow sustainably in the long term.