So front page CNN all about the shortage of all REE not just heavy and despite Trumps talks nothing expected to change until Trump folds. I have added in below just some of the article. f* it’s Ching Ching for Lynas with prices ,4, 7 and ten times the price for REE.
The export curbs have sent manufacturers scrambling to look for stockpiles of the now-restricted materials – and bidding at ever-higher prices. “Anybody who has stockpiles on those are selling 4 to 7 times the price that would have been available to the marketplace two months ago,” the trader said. In some cases, such as with the soft metal yttrium, customers are willing to pay more than 10 times the price.But rare earth materials not on the export control list have also been impacted.“We’re seeing slower shipments. Chinese customs are scrutinizing the exports more than ever. All rare earths are being held up right now and taking longer to be shipped out,” the source said, noting that some suppliers have even refused to ship materials not on the restricted list due to the heightened scrutiny.Shipments of rare earth magnets to the US plunged 60% from March to April, according to Chinese customs data.
LYC Price at posting:
$9.26 Sentiment: Buy Disclosure: Held
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