HI Ausheds
I won't bet against you and I am sure the Chinese a looking at it
A bigger problem for them is smuggling. A kilo of cerium looks just like a kilo of milk power.
Also prices for rare earths are artifically low in China.They are cutting back on illigal mining which is causing domestic Chinese prices to rise
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According to a JPMorgan report released on April 11, the prices of domestic rare earths continue to rise as China cuts back on illegal mining. Since March 28, domestic prices for cerium have risen by 49 percent to $19.76 a kilogram, lanthanum by 75 percent to $14.32, and neodymium by 23 percent to $99.75.
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These prices explain why in the past Export licenses where fetching a price beyond the value of the rare earths and then duty was paid on top and when they exported still received healthy margins
Prices can only go up as China continues to restrict exports by the use quotas
Tonio
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