Current NdPr price is around $52.24/kg.
Where are you sourcing your numbers? I have current NdPr price at US$41Kg exc VAT. You do realise UBS numbers are in US$ exc VAT.
NdPr price of US$60Kg would require a 49% increase from current level. 2022 entirely plausible.
The REO price spike last year was not driven by normal market supply/demand metrics, largely due to speculators inflating prices, clearly unsustainable. China dropped the ball again, doubt it will be repeated bedsides it’s not healthy for RE sector development.
Malaysia and China, page-68
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