28/10/2021
October is coming to an end, during the pricing downward period of all bulk and ferrous metals, prices are outstanding and soaring especially at these end points of the month. The prices increase are big, the speed of increase is fast, and the activity of traders on materials has greatly revived, however, at the same time, the market has experienced good fear of high costs. Under the premise that it is more difficult for metal factories to replenish goods, they are cautious and limiting the delivery of rare earth metals. On the contrary, the downstream consumers have avalanche of complaints about the current prices, and the pressure of price increase has hindered to pass to the end users. Permanent magnetic motors, new energy vehicles, offshore wind power, and the visible expansion of rare earth application demands, whether those demands will be hardly hit by the prices surge this time, we need to wait and see.
Ferrite and samarium cobalt magnets are once again mentioned by the end users currently. When the climax recedes, chaos is leftover, how should prices go in future?
