Neodymium falls 18% in December, page-8

Absolute nonsense, as per usual, the naive parroting the naive.

So called "18% drop" is nothing but the normal spread on RE prices, dependent on a host of detail such as quality & quantity. AL confirmed Lynas has a $10 spread on NdPr sales, as a normal function of the market.

The hysterical report here stems from:

http://www.metal.com/newscontent/84...-low-as-molycorp-agrees-to-bankruptcy-auction

Chinese neodymium fell from $49,237.98 per mt to $40,234.03, a precipitous of drop of 18.3%.



Note 260,000 to 256,000 yuan

$US39,514 to $US38,906 (idiot reporting this crap can't even get currency conversion right)

ACREI price deck December 31:

http://www.ac-rei.org.cn/portal.php?mod=view&aid=4417

	Column 1	Column 2	Column 3
0	Neodymium oxide	≥99%	253000-261000 yuan / ton

Note standard price spread for Nd 253,000 to 261,000 yuan/ton

Nobody with any basic knowledge of the industry hysterically reports price rises or falls on spot sales at either end of the standard price spread.

Further verification:

BEIJING Asian Metal 18 Dec 15 - Chinese neodymium oxide 99.5%min market witnessed slow buying activities but stable price over the past ten days. The mainstream prices hovered at RMB256,000-258,000t USD39,506-39,815t by cash payment, without much change from those of early this month.

Tighter spread reported by Asian Metal mid month but effectively the same price, also note: "without much change from those of early this month".

Please don't get taken in by this hysterical garbage, go check the facts, rule of thumb for RE industry is you need at least THREE reasonably reliable points of reference to even begin to think something might be factual.