Since July, the price of rare earth products has continued to fall. What is the reason?

The price of rare earth products has dropped since July, and it has dropped to the level of last November. What is the reason? Our analysts believe that the main reason is the sharp decrease in demand side, the sharp decrease in order volume, and the continuous decline in the downstream only for just needed purchases, which will also lead to low desire to hoard goods.

According to the statistics of analysts, the output of various industries, such as white appliances, decreased in August, and the consumption rate of electronic products continued to decline. Although the total installed wattage of the wind power industry is steadily improving, with the technological innovation, the power generation capacity of wind power has increased significantly compared with that of previous years. Therefore, under the condition that the total installed wattage is relatively stable, the actual new installed capacity is decreasing.

As for the most popular new energy vehicles, although the consumption of magnetic materials keeps increasing, the global economic situation is still grim, the overseas market prospects are worrying, and the demand for magnetic materials of new energy vehicles may fluctuate in the future. Therefore, most NdFeB enterprises are not optimistic about the future demand for magnetic materials and take a cautious wait-and-see attitude.