Rare Earth Material Price index hit a two-year new low point

No upward momentum recently 

In the beginning of the year, Rare earth material price slightly rebounded, and then it continuous falling since March. As per the data presented by China Rare earth industry association, Rare earth price index of June 15th reported 131.1 points which created a new low point of two years. The price of mainstream varieties oxidation dysprosium and oxidation PR ND in 15th declined 15% more than the high point of March. Besides, the industry entered into the traditional off-season. It is considered that the Rare earth material price hardly picks up recently without major policy of purchasing and storage introduced in short-term.

A number of insiders said to the Great Wisdom of the news agency there were no obvious signs of falling and the spot market transactions are quiet. However, most manufacturers have struggled to maintain production and few enterprises have production shutdown plans. The analysts think the price will continue to decline Since 2014, Rare earth industry started regulation from crack down on speculation and profiteering, big group consolidation, export policy adjustment, resource taxes reformation and other ways, but no much effect at all. The downstream demand remains in the doldrums and the spot prices do not improve either.

Rare earth export tariffs were called off from May 1. The analysts believe that tariff elimination equivalents export prices fell 20~ 25% and China's rare earth exports will fall sharply, but the exports volume would increase. It is good news for enterprise inventories.

The date from General Administration of customs showed the export volume of Rare earth in May was 2618 tons, an increase of 11% over the same period of last year. But the total rare earth exports volume from January to May were 10661 tons, a down of 15% compared with cumulative 12544 tons in the same period last year.

The analysts believe that the current depressed market and weak demand were related to the excessive accumulation of rare earth resources. When Rare earth price increased rapidly in 2011, the illegal rare earth resources were over exploited and were suppressed through a joint crackdown repeatedly. It remains the improvement focus up to now.

The securities analysts also said, the sustainability rise of the Rare each stock depends on the positive improvements brought by the crackdown of illegal rare earth exploitation, purchasing and storage, group integration and other polices. For the current situation of price slump, the analysts said, the rare earth price doesn’t own condition of rapid increase prior to the completion of the integration of six groups and obtaining of pricing power of rare earth. Please pay attention to the good investment opportunities of significant national strategy for Rare earth resources in medium and long term.

China Rare Earth Magnet Limited 
Tags: China Magnet

Strong Demand of New Energy Cars Boosts Rare Earth Industry

China Rare Earth Magnet Limited Manufactures Neodymium Magnets for New Energy Cars 

As the government has increasingly focused on development of environmental protection and energy conservation, rare earth permanent magnet materials have great developmental potential in field of new energy cars and wind power. Rare earth magnetic materials play important role in performance and efficiency of new energy cars. The application and utilization, to some extent, reflect developmental level of a country’s high and new technology.

In February, 2014, after inspecting BYD, Premier Li Keqiang indicated that new energy cars, especially new energy bus, would improve urban noise and pollution. During the process of promotion of using new energy cars, the government should serve as a model. This will trigger investment enthusiasm of market and fund in new energy car industry.

This year, the report on government’s work of Premier Li explicitly points out promotion of new energy cars, governance of motor vehicle exhaust and enhancement of oil standard and quality. Furthermore, government’s report mentions many times energy conservation, emission reduction and environmental protection, which manifests government’s resolution. Therefore, development of new energy cars will become the top priority in managing environmental pollution and development of auto industry.

It shows that state will promote new energy cars’ development, mass production and popularization. New energy cars are bound to be the developmental trend of future automobile industry. The development will boost a series of related industry. Especially for hybrid energy cars, electric cars and fuel cell vehicles, small driving motors with high-power is necessary, which demand a great deal of permanent magnets .

Hence, it is simple to calculate that how many rare earth metals hybrid cars need. In the near future, hybrid energy cars will become a mainstream of car market. In addition, electric cars, similarly, consuming a lot of rare earth, now are tending to be gradually popular.

In fact, the importance of rare earth to future car industry is obvious. In 2015, sales of new energy cars have exceed 500 thousand.

Because of close relation between rare earth and new energy cars, development of new energy cars has been put on agenda of government’s work, which undoubtedly gives wings to rare earth industry. Some data shows that utilization of rare earth multiply from the appearance of new energy cars in our country.

China Rare Earth Magnet Limited
Tags: Rare Earth Magnet

A New High Temperature Resistance Magnet of Hafnium Alloy without Rare Earth Develop by US

Permanent Magnets Manufacturer China Rare Earth Magnet Limited

It is reported that US National Renewable laboratory has fund a new permanent magnet alloy and assert that this alloy are not contained rare earth but can also working at high temperature.
Oak Ridge National Laboratory did research about advanced materials. This Lab shows that they have fund a new permanent magnetic alloy from Hafnium cobalt and boron. Most of magnets that can resist high temperatures are made by samarium and cobalt.
Michael McGuire, a co-developer of Oak Ridge National Laboratory said that this alloy is as good as those permanent magnetic alloys which are not contained rare earth materials for it can also work in condition of high temperature. Additionally, this new permanent magnetic alloy could guarantee operating in extremely high temperature which other materials containing rare earth can not. At present the application of patent is still up in the air, scientists believe that the new alloy can relieve the potential pressure of supplying professional magnet in the new energy industry. They also believe that scientists can solve the shortage of rare earth in the future and reduce the processing cost of these elements.

China Rare Earth Magnet Limited

Tags: Rare Earth Magnet