Another week ends. REEO and Metals prices are all up. NdPr alloy...

Another week ends. REEO and Metals prices are all up. NdPr alloy is up 11 RMB. All other oxides and metals are up 9 RMB or less for a week. this is positive but still a long way to go. i have posted several charts above so I will post a new one. This is a chart i use often for predicting Revenu in future Qs. . The Q prices for NdPrO are the total of the Friday close prices divided by the number od weeks in the Q. When Prices were going up AL told us many times that there was a book to bill delay. When prices are going up this helps her story. Same is true of prices going down, it hurts the story. So looking at chart the prices that determine 2024 revenue are still falling.



Magnets are interesting. The 3 cheapest magnets are up 10 RMB for the month here is a chart for N35. I call these refrigerator magnets. Not totally true but it sets the tone. https://www.metal.com/Rare-Earth-Magnets/202103120001

All the mid range magnets are down for month but flat for last 3 weeks. I call these small motor magnets Think window and seat motors. https://www.metal.com/Rare-Earth-Magnets/202103120001

Expensive magnets that have just been made for a few years follow mid range. I call these traction motor magnets. https://www.metal.com/Rare-Earth-Magnets/202305290006.

Many on this board see NdPrO growth linked to newer products like EVs, Wind, high end AC units. i totally agree with them. Until we see the magnets these products use go up in price it does put a cap on REEO prices. I do track Matals as well because this is an even stronger influencer of REE O prices than magnets. there are a few bright spots in this chart.