An overview of the monthly price trend of neodymium magnet raw material. 

The price of PrNd metal has a decisive effect on the price of neodymium magnets.

The price of DyFe alloy has a considerable influence on the cost of high coercivity neodymium magnets.

The price of Tb metal has a considerable influence on the cost of high intrinsic coercivity and high energy neodymium magnets.

Source from: MagnetSearcher

According to statistics, China's rare earth exports in June were 5,008.9 tons, a year-on-year increase of 9.4%; from January to June 2023, the cumulative export of rare earth products was 26,236.1 tons, a year-on-year increase of 0.03%. According to reports, the Myanmar region has now stopped the customs closure, but the actual supply of customs clearance goods has not increased much. This news supports the domestic rare earth market price to rise.

Future market forecast: The supply of rare earth raw materials has been reduced in the near future, and the orders and reserves of magnetic material companies have increased slightly. It is expected that the market price of rare earths will rise in the short term. Driven by the shortage, coupled with emerging and traditional demands such as energy-saving motors, industrial robots, wind power, inverter air conditioners, and consumer electronics, the global market demand for rare earth permanent magnets is expected to continue to grow.