'and from that smugglers entered the scene and were having a great time while the rare earth prices were up in the sky,'
My thinking may be open to challenge but this is the problem I see in the smuggling.
I think the leverage is too great for smugglers to give up. The price difference (Export tax and VAT)makes this a no brainer for those who can drive a truck, pay off the customs dudes, and deliver to Vietnam and or Thailand. Take your pick from the REE, but a 20 ton truck of even CE yields about $60,000 profit. If this is split 50/50 with the receiving party it is still a years salary or more for most of the truckies. Or over $100,000 post the split for the high end value REEs.
What a great business to be in!
Data from Frontier web site sourced from Metal pages.
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Last
$9.77 |
Change
-0.245(2.45%) |
Mkt cap ! $9.129B |
Open | High | Low | Value | Volume |
$9.94 | $9.95 | $9.68 | $43.93M | 4.489M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 7094 | $9.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.77 | 4963 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 9484 | 9.750 |
28 | 13824 | 9.740 |
19 | 11794 | 9.730 |
13 | 10105 | 9.720 |
9 | 16322 | 9.710 |
Price($) | Vol. | No. |
---|---|---|
9.760 | 1025 | 6 |
9.770 | 11503 | 18 |
9.780 | 8203 | 18 |
9.790 | 7779 | 12 |
9.800 | 13846 | 14 |
Last trade - 12.51pm 17/07/2025 (20 minute delay) ? |
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