Rare Earth Pricing Shanghai and New York, page-275

Shanghai Metals Exchange :---- Whiteout time again ! Third day of substantial price moves ? and the abacus is again not working properly.

BIG NEWS Concentrate prices have finally moved UP 26.72% in a single day, This is what the Chinese are prepared to pay for IMPORTS ie what we get for our By-product MREC. On my spread sheet that adds another US$25M.pa to Pensana's bottom line,

Sort of suggests that the Market thinks that the 23% rise in Production Quotas was wishful thinking on Beijing's part !!!!!
RE Carbonate (USD/mt)

4,649.58-4,959.55

4,804.56

+1,278.63

Neodymium has broken thru the US$100,000 mark

NdO is actually up US$144,14 up 0.14%
PrO is actually up US$ 4750.40 up 6.32%
NdPrO mix is actually up US$4767.38 up 5.54%
And NdPr Alloy is actually up US$5540 up 5.52%

Praseodymium Oxide (USD/mt)

74,393.23-75,943.09

75,168.16

+4,649.58

Feb 25, 2021

Neodymium Oxide (USD/mt)

99,965.9-100,740.83

100,353.37

0

Feb 25, 2021

Neodymium-Praseodymium (NdPr) Oxide (USD/mt)

85,242.24-86,792.1

86,017.17

+4,649.58

Pr-Nd Alloy (USD/mt)

103,840.55-108,490.13

106,165.34

+5,424.51