Core Viewpoint - China's rare earth magnet exports showed a recovery in July, exceeding the average level of the past three years by 10% [1][2] Export Trends - From April to July, China's rare earth magnet exports initially declined but then increased, with July exports up 6% year-on-year and 75% month-on-month [2] - Cumulative exports from January to July decreased by 15% year-on-year, with a 36% decline from April to July [2] Domestic Demand and Supply - The arrival of the downstream purchasing season, combined with improved export conditions, is expected to enhance overall domestic demand for rare earth magnets [3] - Domestic supply is tightening due to reduced imports from Myanmar and limited increases in other supply sources [4] Price Movements - As of August 20, the price of domestic praseodymium-neodymium oxide reached 624,000 yuan per ton, a 57% increase since the beginning of the year [4] - The tightening supply and seasonal demand are likely to push praseodymium-neodymium prices further upward [4] Investment Recommendations - Companies with strong resource attributes and growth potential in production, such as Northern Rare Earth and Guangxi Chicheng, are recommended for investment [5] - For rare earth magnets, companies actively involved in humanoid robotics, new energy vehicles, and energy-saving motors, such as Jieli Permanent Magnet and Ningbo Yunsheng, are highlighted as key investment targets [5]
中金:7月磁材出口大幅修复 国内镨钕价格有望进一步上行
智通财经网·2025-08-21 06:33