[electricity opportunity | SMM:2021-2022 China rare earth permanent magnet industry analysis and market prospect] at the end of SMM:2021, the price of praseodymium and neodymium oxide reached 84.5-850000 yuan / ton, terbium oxide reached 1110-11.3 million yuan / ton, and dysprosium oxide 288-2.9 million yuan / ton, up 174%, 283% and 139% respectively over 2019. Driven by the policies of carbon neutralization and carbon peak at home and abroad, the improvement of consumption level and the change of market consumption concept to energy saving and emission reduction, new energy vehicles and wind power generation are the main application fields of rare earth products downstream from 2020 to 2021.