The Nd price has dramatically risen post the DoD setting a floor price of $110/kg for MP Materials... The current Tardiff Study uses a base case of $90/kg. I think naturally, all supply chains ex-China, will likely also reach this floor price of $110/kg and that the price probably goes higher as the globe realises the hold China has on this industry and scrambled for material. You can not have modern tech/military equipment without Nd. Just my opinion, but likely supported by the fact that the commodity price has almost doubled in just a few months.. Throw in potential improved recoveries from the new strategic holder and a likely higher price for the material, the project's figures may get a little crazy and today's MC could look quite silly in hindsight! Happily averaged up again today!
VML Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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