PEK Chart, page-194

Lynas headlines yesterday calling Rare earth at an inflection point going up

https://unauthorised investment advice/resources/monsters-of-rock-rare-earths-market-is-at-inflection-point-lynas-says/

“Electric car sales rose by 140% in Q1, 2021. The auto-cat market growth is driven by global vehicle sales, which are forecast to grow between eight and 10%.

“And what we’re finding is the demand for catalysts from the automotive and the MCC sectors is back to pre-COVID levels.”

Lacaze said the Chinese market for permanent magnets, which improve the energy efficiency in industrial equipment would need 5000t of extra NdPr each year.

That’s the equivalent of Lynas’ Malaysian processing plant, the largest producer of NdPr in the world outside China.

Worth a read and the reason why PEK is moving today in my opinion

The share consolidation will help get us back onto the radar of professional investors along with allowing various funds to make investments. It is this type of change in dynamics that is needed to break the downward momentum