General Discussion, page-1268

Amen Durro - storm before the calm re SP yes but this reo storm is brewing.

Blinken was in Mongolia discussing of main - reo exports - via bloody air. We all know Mongolia is landlocked and depends on none other than China and Russia's - well - good will let us call it. So Blinken going there and trying to skirt around China's reo control is not going to go well and it will only add further to possibilities around China's reo export bans - plenty of media articles recently.
It further shows how desperate the US is becoming - such as Mongolia - Lynas partner up - will ARU be a part of such in rapid time? Europe etc are they now also a little more concerted in their efforts to do likewise.

A couple of days which has seen a 3,5% increase in PrNd and all other critical reo's - cerium and lanthanum plentiful by product really no change.
What is the catalyst after 6 previous days saw no change. Demand yes but there are heightened concerns on reo export bans from China that has stockpiling occurring - China's Gov have observed and increased pricing - this could continue throughout the remaining 2023 which is traditionally a favorable time of year for reo pricing. Or in the words of former commerce minister Wei Jianguo (for one example) "the new export controls of gallium and germanium were basically just the beginning" - the US is showing resolve and urgency like it is imminent.

Demand side from mining.com 8/8/2023. Chinese rare earths exports rose 49% from a year earlier to 5,426 tons in July 23 - up from June's 5,009 tons - these increases are notable as increased demand but also concerns of China "soon" limiting rare earth exports.

Time will tell as always - as will daily reo pricing details - 2 days is hardly enough gauge anything however it is very positive. Change always occurs - in this case US and WEST rapidly transitioning to ex China global control of rare earth and downstream processing.