Latest (April 6) RE and NrFeB market analysis from CITIC Securities, China, they believe:
" Strong downstream demand is expected + continuous strict control on the supply side + national policy support = healthy development of the entire rare earth industry chain."
"According to data from the Asian Metal data center, China's sales volume of praseodymium and neodymium oxide in February was 3,110.00 metric tons, compared with 2,787.00 metric tons in the same period last year and 3,183.00 metric tons in the previous month,
an increase of 11.59% year-on-year and a decrease of 2.29% month-on-month; manufacturers' inventory was 5,595.00 metric tons, compared with last year's It was 5,980.00 metric tons in the same period and 5,700.00 metric tons in the previous month,
a decrease of 6.44% year-on-year and a decrease of 1.84% month-on-month."
"Re-emphasize the core logic of this round of rare earth industry chain long bullish: 1) Reasonable and abundant liquidity; 2)
Driven by downstream demand such as new energy and industrial motors; 3) Pro-cyclical allocation strategy for price increases; 4) National policy support. 2021 is the turning point of profits for the entire rare earth industry chain.
In 2022, rare earth prices are expected to continue to be strongly supported by the fundamentals of supply and demand.
The price of rare earths may continue to rise, and the profits of the industry chain may continue to exceed expectations under the rising volume and price. The current time point will continue to be firm. The strategic allocation value of the whole rare earth industry chain is recommended, and the rare earth permanent magnet plate is mainly recommended."
Translated by Google, source:
https://stock.finance.sina.com.cn/stock/go.php/vReport_Show/kind/search/rptid/702594558190/index.phtmlBtw, I don't think China Northern Earth was cut off power supply as it located in Inner Mongolia, where overproduce power and I never read any news about cutting off.
IMO, DYOR
(20min delay)