NdPr price, page-23

Yep, that's the important thing, after long DT the reversal is intact, though destocking/soft mkt looked threatening a month ago.

Follow thru in recent days now really showing shades of 2017 but if we do get a similar blow off top the point it settles back to 2020 will be more than interesting.

Despite the massive US rhetoric currently there is no mkt of consequence outside China & Japan, and prices controlled China domestic.

Very little escaping the Dragon now, Lynas probably selling more thru China on pass thru contracts to EU OEM's, and strong chance JARE will look to secure access to a large portion of Lynas production thru next decade as part of debt extension.

Have to wonder if the greater awareness might lead to a fundamental repricing more in line with base economic value, probably somewhere around the current $50kg.