Rare Earths (NdPr Oxide)
Shifting prices…
Price: US$57.32/kg
% Change: +13.17%Rare earths pricing finally lifted off its ~US$50/kg floor, prompting Lynas (ASX:LYC) boss Amanda Lacaze to say her and the ASX 200 miner and refiner’s market expert Pol Le Roux would break out the sparkling, but not yet the champagne.
No major quota lifts from China, where producers are also suffering margin pressure, is helping. Ken Brinsden last month promoted the idea of a ‘wheat desk’ that sets prices in the West to ensure magnet metals producers are profitable.
dyor .
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