Actually positive price action began several days ago, as I noted and linked elsewhere:
Recent tidbits from BAIINFO
http://baiinfo.com/en/RareEarth
23 May
On May 16, according to a leader of Baotou Steel, it is predicted that rare earth national reserve will be carried out in the middle of 2018 and in the second half of 2018. Together with environmental protection and combat against illegal activities, it will boost rare earth price. It is estimated that Baotou Steel will reach RMB 2 billion of net profit in rare earth business in 2018.
24 May
BAIINFO-CHINA, Some rare earth prices ramp up with good trading performance. However, there are few deals seen in the market. Upstream enterprises hold back from selling and are not willing to ship cargoes. Downstream enterprises raise prices retroactively.
25 May
BAIINFO-CHINA, Rare earth oxide prices ramp up on the back of increasing deals. Downstream enterprises begin to replenish cargoes. Upstream enterprises raise offers and slow down shipments, thus actual trading prices slightly rise than before.
+NdPr, page-2
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Last
$6.15 |
Change
-0.100(1.60%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.24 | $6.13 | $18.60M | 3.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 21239 | $6.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.16 | 9771 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$6.16 |
Change
-0.100 ( 1.94 %) |
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| Open | High | Low | Volume | ||
| $6.24 | $6.24 | $6.13 | 894887 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LYC (ASX) Chart |