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中文简体With the booming development of the concept of rare earth permanent magnets in the capital market, the prices of rare earth markets have increased a lot. According to SMM's quotation, at this week, the price of neodymium metal has its own increase firstly on August 28th. Its price was reported to be 610000~615000 yuan/ton on August 28th, with an average price of 612500 yuan/ton, an increase of 5000 yuan/ton compared to the previous trading day. On August 29th, the price of praseodymium neodymium metal remained unchanged from August 28th. As neodymium iron boron, which is closely related to the price of praseodymium neodymium metal, the average price of its various models of neodymium iron boron saw an overall increase of 5 yuan/kg on August 29th.
According to SMM research, the increase of prices of rare earths is mainly due to the closure of customs in Myanmar, the long-term procurement of rare earths, the receipt of goods by leading enterprises of praseodymium and neodymium in the market, and the recovery of demand for terminal orders such as wind power and new energy. As August approaches its end, the approaching peak season of traditional industries has also given the market some boost. For the aftermarket of rare earths, considering the duration of Myanmar's lockdown, it is uncertain; The second batch of rare earth mining indicators has not been issued yet. If Myanmar's closure lasts for a long time, the heavy rare earth mining indicators may increase to a certain extent; In addition, with the arrival of the peak season in traditional industries, SMM expects rare earth prices to maintain a strong trend.
