Pr/Nd oxide up again, market sentiment bullish, page-460

And the rapid price rise and drop would suggest the Dragon still has a bit of work to do. Getting there though.

The day Lynas quotes NRE listed price as benchmark in their quarterly report is the day I will start using it as a leading indicator.

The steady increase in benchmark NdPr prices started in November 2016 and accelerated sharply at the end of July 2017, as a result of the combination of several factors:
 Magnet makers building stocks as a hedge against further price increases (beyond the 420RMB/kg price reached in early July).
 Intensification of environment compliance investigations by the China central government. These actions had the following impacts: (i) direct impacts on several non compliant Rare Earths factories and (ii) indirect impacts as the investigations affected many chemical products and several factories supplying chemicals used in Rare Earths processing were also shutdown, creating shortages of chemicals in the sector.
 Rumors of strategic stockpiling by the China central government

https://www.lynascorp.com/Shared Do...orts/2017/171016 Quarterly Report 1726175.pdf