JL: NTU will always be able to make money, page-2

September 2015 rare earths market analysis:

Currently, the industry expect the traditional industries season "Golden September and Silver October," has been completed in half, compared with previous years, regardless of the price or volume point of view are very different. The traditional peak season is not busy, lower procurement continued poor market transactions deserted, this month of rare earth products prices continue to remain low, a further decline in prices of some products, some product prices stabilized stabilized. Current RE market in 2011 the lowest point since, the market fell space is limited, the recent expected to stabilize. The main cause of rare earth prices are shrinking demand, supply exceeds demand, overcapacity and illegal mining.

http://www.ac-rei.org.cn/portal.php?mod=view&aid=4021

Jack now manages to understand higher CoP inside China (anyone remember "ice to the Arctic just a little while back?) but can't grasp the fact that China needs to be cost competitive ROW?

Does anyone REALLY think it is sheer coincidence that Showa Denko has eliminated Dy from nearly all grades of alloy, down to just a few percent in the last one, and SHUT DOWN a Chinese JV to focus on cost efficient delivery to its Japanese customers?

We've seen GM eliminate 86% Dy from 2016 Volt, and even now Chinese manufacturer JL Mag eliminate Dy from several grades of alloy/magnet, simple fact is they HAVE to, in order to remain competitive.

With tariff barriers dismantled, largely because of falling internal demand, NOT the big bad WTO, Chinese manufacturers are fully exposed to international competition, and that competition very much exposes high cost, unnecessary inputs that have very much been designed OUT by ROW innovation.