rare earth prices down up down

2009 $10.32
2010 $31.35
2011 $147.96
Q4 2011 $123.69
Q1 2012 $92.20
Q2 2012 $57.33


Over the last quarter REE prices kg have nearly halved.
Over the last 6 months they have lost near 60% in value

Just 3 years ago at $10.32, LYNAS would be uneconomic.
Just 2 years ago at $31, borderline economic

So where to for prices from here?

personally think the costs will be more like $22 than $15...so working on such brings that profit down fairly quickly.

I wonder if the "alledged" contracts for supply of their products are set in price or aligned to the going rate?

If they have sold out for the necxt 10 years (havent actually seen any proof of this) in fact latest anns says still speaking with suppliers which has me baffled, then are the first entrants going to be paying a premium or not?

Id say they will be getting a discount.

So Lynas, what prices will you be selling at?

That will be very important considering where prices have come from and currently sit.