LYC 0.76% $6.51 lynas rare earths limited

Chinese stockpiling

  1. 989 Posts.
    http://www.info-re.com/index.php?/shop/article/3274

    The purchase amount for praseodymium/neodymium oxide is too small as the current market price is much higher than the buying price of the national stockpile reserves and suppliers are not keen to sell to the government department.

    http://www.metal-pages.com/news/story/98855/chinas-srb-launches-new-re-stockpile-correction/

    China’s SRB launches new RE stockpile: Correction
    Corrects story to show that the failed bids for praseodymium-neodymium oxide and terbium oxide took place ...

    I don't think the Chinese government got all the NdPr they wanted since suppliers weren't willing to sell at low prices. That's probably why NdPr amount was so low (100 tons).

    I'm expecting more Chinese (NdPr) stockpiling soon...at higher prices.
 
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