Everyone needs to keep an eye on is this REE price (Neodymium) found here -
https://tradingeconomics.com/commodity/neodymium
When this price starts trending higher so should MEI. MEI would be considered a leveraged play into this space meaning MEI could move 2 x or even 5x the price of REEs.
FYI most analysts are anticipating that Neodymium and REE prices are bottoming out around here. Even the Chinese producers aren't making a buck at these depressed prices. It is also anticipated that inventories will be winding down in China in the next few months and of course demand from EVs and wind turbines etc etc is still growing. Hopefully this equals a strong bounce and sustained recovery moving forward.
Good luck. Hold tight.
General discussion (MEI), page-5253
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $131.9K | 1.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 767729 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1903324 | 25 |
View Market Depth
| Last trade - 10.57am 27/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |