The price of "industrial gold" continues to rise. According to Shanghai Steel Union data, on July 24, the domestic price of praseodymium and neodymium oxide was 520,000 yuan/ton, an increase of 30.5% compared to the beginning of the year. In the A-share market, on July 24, the rare earth and rare earth permanent magnet sectors were in the green, with Rnm and Zhong Ke San Huan Co., Ltd. hitting the daily limit, and Northern Rare Earth reaching the daily limit during trading. Industry insiders believe that the current hot rare earth market is the result of a resonance between supply and demand and expectations. The domestic praseodymium and neodymium prices still have a significant price difference compared to the minimum commitment price set by the U.S. Department of Defense for U.S. rare earth company MP. In addition, the improvement in the supply and demand side of rare earths also provides support for price strengthening