RDM 0.00% 11.0¢ red metal limited

Red Metal Banter, page-538

  1. 274 Posts.
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    I haven't heard anything on results timing, but with the size of the drill program it will probably take some time to crunch all the numbers, put the diagrams together and any technical discussion around the drilling implications. They tend to do very technical heavy announcements, a lot more than just a table of drill hole data and a few standout intercepts, so that would take additional time.

    In any case, rare earth prices seem to be trucking along well in the background, up another 2% today to breach $59 US/kg for Nd2O3. Looks like China has released lower rare earth production quota increases, so maybe taking their foot off the neck of the REE market? At least for now. In any case, damage has been done with a lot of the Western developers looking pretty beaten up and no FID in sight (NTU, ARU, HAS, ASM). Even ILU is reportedly reviewing the Eneabba refinery and the strategy going forward.. Very different to the Lithium market where the previous price boom resulted in many new mines coming online (or out of C&M) to meet demand. Nothing really changed through the REE price boom in 2021-2023 on the supply side from the West..

    https://hotcopper.com.au/data/attachments/6427/6427157-faee27c31a84349841b28c4afcf5544d.jpg


 
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