Neodymium price (FOB China) was down 13% yesterday. More relevant for Lynas than Alkane. Ce and La unchanged though.
Unfunded projects are getting hammered by hedge funds i.e. Alkane (32% of yesterday's sales were shorts)
Could go down a lot more given production is 2 years away, however is starting to look particularly cheap.
Lynas should be doing better given funding is ticked off.
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Open | High | Low | Value | Volume |
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---|---|---|
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24 | 188168 | 0.500 |
12 | 58861 | 0.495 |
7 | 53293 | 0.490 |
7 | 238946 | 0.485 |
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