NdPrO Prices up about just under 15% and production up just under 3% in April does indicate higher prices.
I have a couple of notes of caution
"The rare earth market embraced peak season." this is peak season and for the last 3 years prices have gone up but not once have the held.
We are still just over 400 RMB for Lynas to make good profits they need 750~85R RMB KG WV. For great profits about 1000 RMB. Look at chart below for a good idea where we have been to have a better idea of what we need for the future.
Many think prices will be helped by China's improving economy. AL said it was and there are plenty of statistics and arcles that say it is happening. I am reading more and more articles in publications like Forbes & Economist that say they are doing the wrong thing. They are counting on exports. Unfortunately the world does not like China right now and many countries like US are doing every thing they can to slow imports. Price cuts may not be enough to overcome the sluggish internal economy. if this is true then any recovery in China will be short.
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