News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-170

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15/02/22

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Post #: 59569018
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Originally posted by skijapan: ↑

Mainstream Rare Earth Varieties’ Prices Rose as A Whole on Supply Shortage
SHANGHAI, Feb 14 (SMM) - The prices of mainstream rare earth products rose significantly in the fourth quarter of 2021 due to less orders taken. During this period, the magnetic material companies were in a strong wait-and-see mood and turned away from high prices of raw materials, resulting in bearish outlook on the prices of rare earth metals and other raw materials. Except for a few large-scale magnetic material enterprises that prepared three months of inventory, NdFeB magnetic material enterprises generally had low inventory by the end of 2021.

Under the premise that downstream procurement was made on demand and upstream supply will remain restricted, the supply rightness in the rare earth market will intensify in the first quarter. As such, the prices of mainstream varieties such as praseodymium and neodymium (PrNd), dysprosium, terbium, and gadolinium rose after the CNY holiday.

If the prices increase too fast, it will have adverse effects on the industrial chain. The profits of the rare earth industry chain are mostly concentrated at the mining end. The rapid increase in the prices of mainstream rare earth products has created lucrative profits of raw ore mining, and there may be more illegitimate mining activities in south China. On the back of lower profits of the midstream manufacturing sector, the imported rare earth ore and private miners have grabbed considerable profits.
Going forward, the management of the mines is likely to be enhanced, so that the domestic rare earth mining sector will be the major source of supply with supplement of imported rare earth ores in order to raise the concentrate rate of profits across the rare earth industry chain. Illegitimate mining activities will be resolutely curbed.

CCP needs more unrestricted raw material for downstream processing and the above says it all remembering CCP are many moves ahead of the game.

https://news.metal.com/newscontent/101748581/mainstream-rare-earth-varieties%E2%80%99-prices-rose-as-a-whole-on-supply-shortage

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CCP needs more unrestricted raw material for downstream processing and the above says it all remembering CCP are many moves ahead of the game.

The demand for EV cars and wind and solar if huge in China !!! over 50% of the EV cars were sold in China last year including Tesla !

PEK Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-170

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News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-170

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