Sigmadelta
I agree with you about looking long term and the long term trend for RP is going to be up
But I ask you this question..
A commodity that rises so fast $50USD/t to $450USDt cannot maintain that spike. The reason we all know of the spike is China ceasing to export.
It had nothing to do with demand and all to do with a cut of supply. If China comes back on board short term RP will fall back to $50USD/t to $100USD/t. They have heaps of RP
Long term as the population grows are RP runs out price will increase but not like the huge spike we have seen 900%. It will follow other commodities such as oil.
I just feel that by March next year the price will have fallen so much that the NT may prove to be unprofitable.
But who is right and who is wrong... Noone knows... I just have my view, you have yours
And that is what makes a market
SigmadeltaI agree with you about looking long term and the long...
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