As a high-tech product in rare earth permanent magnets, neodymium iron boron has always been monopolized by Japan in terms of its core technology. With the rapid development of neodymium iron boron technology in China, more and more discourse power is driving the breakthrough of barriers and the growth of trade exports. However, the core problem that ultimately needs to be solved is still the progress of its own technology, and such trade export growth is effective.

Due to the support of the huge demand market, domestic new energy vehicles will become more rapidly developing in the global trend. With the opening of the new energy vehicle catalogs in Shanghai and Beijing, new energy vehicles will compete fully nationwide, and this development will be healthier and more sustainable.

The growth trend of wind power equipment, which accounts for nearly 30% of neodymium iron boron demand, has been clearly influenced by policies. In the short term, it will maintain rapid growth under the influence of actual consumption upgrades and replacements, and in the long term, it will steadily boost the demand of the permanent magnet industry.

In the first half of the year, the PE valuation of the rare earth permanent magnet industry continued to rise relative to the premium rate of the Shanghai and Shenzhen 300, reaching a new high. The overall growth potential of the industry is strong, and after experiencing the current fluctuations, it will maintain sustained long-term stable growth.