Higher values downstream, page-3

One last comment when I owned GWM, along time ago, I followed Less Common Metals which they owned. Though I have not tracked Metals in 3 years I did go back and look at my charts. I think if you do some charting you will find that metal prices follow Oxide prices by 90 to 180 days. Classic case of as cost go up they are passed on to the customers. I have not seen an industry that raises prices so they can pay more for raw materials at a later date. or willingly pays more for raw material just because they are selling for a high price. If you have please show me so I can learn something. Or find a long term chart where Metals leads oxides. Metal foundries are now recovering what they paid in September. They will try real hard not to sell at a loss. Meanwhile customers see recent drop in Oxides and they will live off of stock piles as long as they can.

I have seen many industries if they see prices going up rise pricees as quick as they can on lowcost product in the pipe to raise cash to replenish pipe.

On another note really hope that Lynas does not change there NdPr / La & Ce ratio too much in Q2. My charts are kind of showing that contract delay is more than 90 days. This is just a guess on my part. I would be more certain but after the last two ramps they changed the mix ratio which made it hard to know for sure. The sharp rise and fall since May should be easy to establish delay providing they do not change the sales mix allot, which changes sales price / KG allot making it hard to match up changes.