1.Briefing of Important News
This week, prices of PrNd, DyFe and Tb kept increasing. Price from Asian Metal at this weekend presented: PrNd metal 468-473RMB/KG (price from SMM: 462-482RMB/KG), DyFe alloy 1980-2000RMB/KG (price from SMM: 1980-2020RMB/KG), and Tb metal 5200-5250RMB/KG (price from SMM: 5100-5200RMB/KG).
According to the BN Americas website, Brazilian mining company Serra Verde will invest $150 million to build a rare earth concentrator in Minasu, Goias. The SEMAD of Goias will officially issue an environmental permit for this project to the company. According to reports, Serra Verde has invested $70 million in exploration in the region. Borges believes that Minas is probably one of the largest ionic rare earth mines in the world. Borges stressed that only China is producing ionic rare earth currently. However, China uses ammonium sulfate extraction methods, which are expensive and need to be imported for Brazil. Serra Verde will use the edible salt to extract 100% rare earth using technology developed by the company, and the water can be completely recycled. According to the US Geological Survey, of the world's 120 million tons of rare earth, Brazil has 22 million. They are mainly distributed in the states of Goias, Rio de Janeiro, and Amazon.
2.Analysis of Professional Insiders
The Rare Earth Research Team consisting of the National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology has initially entered the major groups of Baotou, Guangdong, and other places and their enterprises. According to the direction reached at the two rare earth symposiums of the NDRC, in-depth investigations will be made on rare earth mining, separation, smelting, and downstream magnetic materials and important instructions will be given to relevant enterprises.
The research team proposed that rare earth separation enterprises should strictly implement national policies and regulations, adhere to scientific and technological innovation, and green development, and learn more about the production of major products and downstream applications. For mining enterprises, the researchers learned in detail about the mining technology, business operations and environmental protection of the mining area, and proposed to pay attention to the status of rare earth as a national strategic resource, strengthen the efficient use of rare earth resources and ensure the sustainable development of the mine ecological environment. At the same time, it is proposed for smelting enterprises to further expand downstream applications and increase the added value of rare earth products.
The survey once again triggered speculation in the industry on follow-up favorable policies. Conventional policies such as blackout and environmental protection are expected to be launched in the near future. In addition, for the possibility of purchasing and storing, the proportion of judgment in the industry has increased again. In market feedback, some groups began to tighten sales as research was carried out. Boosted by supply and policy, PrNd oxide and Tb oxide rise significantly. With the skyrocketing, the Tb oxide manufacturers have a very high mentality to stock up. (Ruidow.com).
The listing price of June from China Northern Rare Earth
Listing price on June 10 from China Southern Rare Earth
单位：万元/吨（出厂含税价）
Unit: 10,000RMB/ton (EXW price incl. VAT)
3.Tendency Chart (refer to Asian Metal)
