As earlier, plenty of anecdotal reports of both permanent and temporary production shut downs for lack of demand, little wonder ionic concentrate flat lining at US$16kg.
At the same time, China has released 2015 export numbers:
"2015 In 1-12 months, total exports of China's rare earth 34833tons, an increase of 25.4% ; the average export price of 10.7 US dollars / kg, down 6.4% ."
During the same period ROW absorbed circa 80% of Lynas's 10,850t (approximated Dec Q) production, call it 8.500t, an increase of around 3,000t ROW.
That would suggest total ROW demand at 43ktpa at a growth rate +27%, and by volume 98/99% of that would be LRE.
Low prices & alt supply would certainly appear to be stimulating demand, prerequisite to REE finding their true economic value.
NTU Price at posting:
7.8¢ Sentiment: Sell Disclosure: Not Held
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