It was a very quite Week. From concentrate to magnets nothing moved up or down even 1RMB. about 2 months ago I predicted NdPrO would stabilize at US$ 60. /KG NV and it is now $5.00 below that, - 8.33% in jt a few weeks. Could this be the beginning of a bottom. Way to early to tell. Unlike some who predict future stock prices after just an up tick of a couple of days I would not be that bold. It should be clear by end of May, Mid June. Yesterday was MP CC and it is on their web site. Interesting their view of REE prices is similar to Lynas's. there revenue is also way down and falling because of prices. JMO they were are lot clearer of how bad it is hurting and plans to compensate.
Being first day of month here is the long term chart for NdPrO as well. down 60% since Friday March 4 of last year. How can anybody think the impact of this will not be a major hit to FY 2023 revenue and profits. Yes I cherry picked the day.
LYC Price at posting:
$6.58 Sentiment: Sell Disclosure: Not Held
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