Huge one day jump in prices, particularly on top of a month of steady appreciation.
Downstream will be scrambling to rebuild inventory if there is any indication this will continue:
NdO +3%
NdPr +2%
Neodymium oxide content 99.0-99.9%
13% VAT included
Avg.:331,500
+10,000 (+3.11%)
Price Range:330,000 - 333,000
Date:Aug 06, 2020
Praseodyium-neodymium oxide content ≥99%
13% VAT included
Avg.:312,500
+6,500 (+2.12%)
Price Range:310,000 - 315,000
Date:Aug 06, 2020
Also note break out price action & volume action industry giant CNRE, looks like Chinese punters are piling in after a long absence:
https://finance.yahoo.com/chart/600...sTmFtZSI6IuKAjG1hY2TigIwgKDEyLDI2LDkpIn19fX0-
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