Based on Daily Rare Earth Oxides price, the 87 US dollars/kg was breached yesterday at $86.59.
Daily Rare Earth Oxides price, Lme Comex Shfe Price of Rare Earth Oxides live | SMM - China Metal Market
Yesterday's price for NrPd in RMB was 597,500 Yuan per ton (SMM Spot Price), exchange rate was 1US=6.9Yuan.
IF the trend is still going south continuously, it is definitely not good news for ARU. Also, if our future offtakers want to use the price of NrPd in terms of RMB, there will be two factors that will affect ARU's products' margin significantly-- RMB declines against US dollar and NrPd price in China.
We all know that China does not want their dominance on Rare Earth to be shared by any other parties outside of PRC.
So they will have to force the NrPd's price down by using whatever measure they can.
Ann: Mining the Territory Presentation, page-26
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