Inner Mongolia is building the world's strongest base of rare earth raw materials, and officials said that by 2025, the output value of Inner Mongolia's rare earth industry will reach 100 billion yuan. At present, the rapid development of new energy vehicles, wind power, industrial robotsand other fields has driven up the demand for rare earth. China International Capital Corporation research report pointed out that the current supply and demand of rare earth is expected to continue for 3-5 years.
On the supply side, the overall index is insufficient at the end of the year, the market is short of raw ore, some separation enterprises reduce production, a few enterprises are also limited by the influence of electricity, and the operating rate is reduced to less than 50%; Some china-Myanmar ports have been opened, but the export of auxiliary materials and the shortage of manpower may still restrict the import of mines from Myanmar. Demand side, downstream merchants before the Spring Festival replenishment mood thick. Northeast Securities said that in the short term, the contradiction between supply and demand may be further intensified, and the price of rare earth is sufficient. In the long run, rare earth is at the starting point of a new era of supply and demand remodeling, and the valuation system is restructured. In the future, it is expected to repeat the logic of the historical high demand for lithium and cobalt new energy, and its supply side is even better than lithium and cobalt. New energy vehicles are the core application field of rare earth demand growth. In the medium and long term, the trend of electric vehicles is certain. Recently, the production and sales of new energy vehicles continue to exceed expectations, leading to an overall explosion of rare earth consumption. In addition, under the guidance of energy saving and consumption reduction, the consumption of rare earth driven by permanent magnet motor can not be ignored. Under the assumption of steady supply growth, the global gap between supply and demand of praseodymium oxide will continue to expand.
Among a-share listed companies, RISING Nonferrous Metals is the only listed platform of Guangdong Rare Earth Group, one of the six major rare earth industrial groups in China. It controls 3 rare earth mining enterprises, 4 rare earth separation plants and 1 rare earth metal processing plant, and controls 2 rare earth permanent magnet material production enterprises and participates in 2 rare earth permanent magnet material production enterprises. At present, Antai Technology has a production capacity of 5,500 tons of rare earth permanent magnet products. The company has established a joint venture with North Rare Earth, and will build a 10,000-ton high-end rare earth permanent magnet products industrial project in the "14th Five-year Plan". The company's holding subsidiary, Antai Environment, has directly participated in the hydrogen travel project of science and Technology Winter Olympics. Sinosteel Tianyuan has a production capacity of 1500 tons of rare earth permanent magnet devices.
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