Shanghai Metals Exchange:---- Whiteout time again ! Third day ofsubstantial price moves ? and the abacus is again not working properly.
BIG NEWS Concentrate prices have finally moved UP 26.72% in a single day, This is what the Chinese are prepared to pay for IMPORTS ie what we get for our By-product MREC. On my spread sheet that adds another US$25M.pa to Pensana's bottom line,
Sort of suggests that the Market thinks that the 23% rise in Production Quotas was wishful thinking on Beijing's part !!!!! RE Carbonate (USD/mt)
4,649.58-4,959.55
4,804.56
+1,278.63
Neodymium has broken thru the US$100,000 mark
NdO is actually up US$144,14 up 0.14% PrO is actually up US$ 4750.40 up 6.32% NdPrO mix is actually up US$4767.38 up 5.54% And NdPr Alloy is actually up US$5540 up 5.52%