LYC Mt Weld resource is predominently Light Rare Earths 97% and with about 3% Heavy RE.
LRE's are pushing higher in price and have resulted in the basket price for the Mt Weld Resource to increase from $14.16 last week to $15.39 this week.
Light RE
Cerium -Ce
Price 29/3/10 US$4.40/kg 5/4/10 US$5.90 Mt Weld 46.74%
Lanthanum -La
Price 29/3/10 US$6.40/kg 5/4/10 US$7.00 Mt Weld 25.50%
Praseodymium -Pr
Price 29/3/10 US$30.00/kg 5/4/10 US$31.80 Mt Weld 5.32%
Neodymium Nd
Price 29/3/10 US$30.60/kg 5/4/10 US$32.00 Mt Weld 18.5%
GL all holders imho great buying opportunity at the moment, dyor.
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re basket storms through us$15/kg to us$15.39, page-3
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