JL MAG Rare-Earth Industry Price Briefing 08-11~08-158
Week 33，2025
1. 重要新闻简报Briefing of Important News
本周镨钕金属继续上行，镝铁和铽微降。亚洲金属网周末价格: 镨钕金属价格675-678元/KG；金属钕价格695-700元/KG；镝铁合金价格1560-1580元/KG；金属铽价格8600-8700元/KG。
This week, price of PrNd metal continued to rise, while DyFe and Tb slightly decreased. Asian Metal weekend prices: PrNd metal 675-678 cny/KG; Nd Metal price 695-700 cny/KG; DyFe price 1560-1580 cny/KG; Tb metal price 8600-8700 cny/KG.
据财联社消息：从北方稀土、盛和资源等多方获悉，2025年第一批稀土开采、冶炼分离总量控制指标已下发至中国稀土集团和北方稀土，但未对外公布。业内预计，就目前态势来看，今后稀土开采、冶炼分离总量控制指标或不再对外公布。
According to Cailian News Agency, it islearned from various sources such as China Northern Rare Earth and Shenghe Resources that the first batch of 2025 quota for rare earth mining, smelting and separation has been issued to China Rare Earth Group and China Northern Rare Earth Group, but has not been announced to the public. The industry insiders expect that, based on the current situation, the total quota for rare earth mining, smelting and separation may no longer be disclosed to the public in the future.
2025年上半年我国新能源汽车产量近700万辆，同比增长约41%;新能源汽车新车销量渗透率44.3%，且还在进一步提升。2025年7月，新能源汽车新车销量达到汽车新车总销量的48.7%。
In the first half of 2025, China's new energy vehicle production reached nearly 7 million units, which is a year-on-year increase of about 41%; the penetration rate of new energy vehicle sales is 44.3%, and it is still further increasing. By July 2025, the sales of new energy vehicles will account for 48.7% of the total sales of new cars.
2. 业内人士分析Analysis of Professional Insiders
稀土开采、冶炼分离指标是国家管理稀土行业的核心政策工具之一。根据工信部官网，自2011年起，中国对稀土实行指令性生产计划；2016年以来，稀土开采、冶炼分离总量控制指标通常每年分两批次下发，其中2023年度分三批次下发，但2024年又恢复至年度两批次下发。2025年度稀土开采冶炼的计划未按惯例公开宣布，这是中国在加强对这一关键行业控制的又一迹象。
The indicators for rare earth mining, smelting and separation are one of the core policy tools for national management of the rare earth industry. According to the official website of the Ministry of Industry and Information Technology, China has implemented mandatory production plans for rare earths since 2011. Since 2016, the total control indicators for rare earth mining, smelting and separation were usually issued in two batches per year, while in 2023, it’s issued in three batches, but restored to two batches per year in 2024. The plan for rare earth mining and smelting in 2025 was not publicly announced as usual, which is another sign that China is strengthening its control over this key industry.
本周稀土价格走势分化。美国7月11日给MP公司镨钕金属十年的长协底价110美元/公斤（不含税89万元/吨）对价格有强烈拉抬力。在氧化物价格持续拉升支持下，镨钕金属价格本周再快速上涨，市场看涨强烈。
The trend of rare earth prices has diverged this week. On July 11th, the United States offered MP Company a ten-year long-term contract price of $110/kg(equivalent to 890,000 cny/ton excluding vat tax) for PrNd metal, which strongly boosted the price. Supported by the continuous rise in oxide prices, the price of PrNd metal has risen rapidly again this week, indicating a strong bullish trend in the market.
中重稀土方面，镝铁价格平稳；铽受下游采购需求弱以及贸易出货影响，价格继续走弱。
In terms of medium and heavy rare earths, the price of DyFe remains stable; Tb price continue to weaken due to weak downstream procurement demand and trade shipments.
3.趋势图（参考亚洲金属网）Tendency Chart (refer to Asian Metal)
2025年08月18日
August 18th, 2025
提示：以上信息仅供参考！
Notes: the information above is for reference only!