not sure if this has been posted yet but someone in our sector yesterday released a price sensitive announcement titled 'rare earth market update' which i think also applies to us. heres an excerpt from the first page
Rare earth (RE) prices are increasing steadily in response to improving fundamentals
Reforms to the rare earth industry in China have been substantive, with positive impacts, the result of industry consolidation and a crackdown on illegal production
China’s Rare Earth Industry Development Plan for 2016‐2020 (the Plan) provides a road map for continued reform in China, and insight into future global industry structure
As the Plan is implemented RE supply will be increasingly constrained, shortages will develop and there will be a need for new mine developments outside China
China’s downstream processing technology, capacity, and market presence means it continue to have a dominant influence on the evolution of the industry
Demand has returned, with strong outlook for the markets for permanent magnets and catalysts (Nd, Pr, Tb, Dy, and La)
Demand growth is being driven by the electrification of transport systems (electric vehicles, train systems) and, new and clean technologies, many of which are closely linked to government policies worldwide
These government policies are aiming to reduce pollution associated with carbon emissions, promote clean technologies, energy efficiency and renewables GMEL’s Kvanefjeld Project ideally placed for the next phase of sector growth; positioned at the interface of sustainable new primary supply with Chinese downstream processing technology and international market presence
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End of Financial Year, page-42
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