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)4,649.58-4,959.554,804.56+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%Neodymium-Praseodymium (NdPr) Oxide (USD/mt)85,242.24-86,792.186,017.17+4,649.58Pr-Nd Alloy (USD/mt)103,840.55-108,490.13106,165.34+5,424.51
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