If you look at the last Quarterly NdPr prices for April/May/June were $35.3/36.3/38
The production was 1343t of NdPr and 3405t of other RE.
Total sales were $76.5m.
If Lynas were selling at spot prices rather than the 90 day lag then 1343t x 36.3 / 0.77 = $63.3m from NdPr meaning the other 3405t of RE were sold at $76.5-63.3m = $13.2m.
In the preceding quarter Lynas sold $13-14m of non NdPr RE but only in a volume of~2100t. So Lynas definitely received less for their NdPr than the spot.
If you assume ASP for non NdPr was unchanged then $21m of the $75m of sales were non NdPr leaving $54m from NdPr and an ASP of $31/kg - a long way short of the $36.3.
There is definitely a lag in spot to Lynas invoices sales and its about 90 days.
If you look at the last Quarterly NdPr prices for April/May/June...
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$8.09 |
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| Open | High | Low | Value | Volume |
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