Comments re NdPr prices are nonsense, totally confusing the impact of VAT on China domestic sales & Japanese mktg costs, perhaps not difficult when companies like Peak do exactly the same stupid thing.
NdPr values have risen substantially because Beijing has decided it's time, most likely they will they will pause here into the summer slowdown and resume increasing once it has past, no doubt with further stockpile purchases, c8kt yet to be purchased from the stated 21kt total.
Prices are being lifted in a very controlled environment with various points of supply constraint, and a big factor will be not moving too quickly as to encourage illegals, but NdPr values are a crucial part of China's game plan in leveraging NdFeB dominance, factoring 50% volume increase at prices no competitor will have a hope of matching for sintered mags.
LYC Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
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