Price trends of rare earth raw materials for magnets from Jan,2020 to July.2021
From Begining of July,2021 ,two main raw materials of magnets PrNd Alloy and DyFe alloy price start to rise rapidly.
Possible Reasons for the material rising as below :
1. Combined with carbon neutrality, the downstream application market of the carbon peak policy has increased significantly. New energy vehicles, air conditioners, wireless charging, wind power, etc.
2. The global output of rare earth ore is becoming saturated and there is no new capacity. The epidemic has led to unsaturation of output in some regions
3. Caused by various domestic factors,Major raw material manufacturers have limited power supply and reduced output, resulting in a shortage of rare earth raw materials in the market.
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