https://www.reuters.com/markets/commodities/chinese-rare-earth-pr...

https://www.reuters.com/markets/commodities/chinese-rare-earth-prices-hit-20-month-high-myanmar-supply-worry-2023-09-07/#:~:text=BEIJING/HANOI, Sept 7 (,season, analysts said on Thursday.

REO pricing bottom is in? Noting myanmar impacts are touted as short term but the pricing has been rising for last few months.

I've maintained the view for a long time that the REO has just about everyone underwater and that largely, the IXR shareprice and many REO stocks have largely tracked the commodity price. Those in exception are those who have made a discovery. i.e. Had nothing, have something.

Once you have something, you generally/largely track the price of the material. Whilst overall going through the mining life cycle.

We're still a bit off where we need the NdPr and HREO pricing to be. Going downstream so an end to end supply chain makes it almost cost neutral based on SMM pricing. but as we know - there exist a market outside china and purportedly a more favourable mechanism with it. Unfortunately still a lack of transparency on that one.

All things consider and why i again always thought IXR would be more known for downstream and recycling than it would mining which is something i flagged 24months or so ago, so the magnet recycling aspect can still be viable/profitable at any price. It's the quickest/easiest way to carve out supply and provide separated REO oxides anywhere in the world sustainably.

If the REO price keeps trending this way, then the bottom in S/P here could well and truly be in. Dovetail that into the progress at makuutu, progress for seperation facility, progress on commercialising magnet recycling. Not a bad tailwind of items to have in the wind. Haven't egged all one basket hoping for 1bn+ in capital.

SF2TH