Recent appreciation Dy & Tb has been very clearly driven by supply constraint with the majority of the traditional ionic clay resources being shut down in Sth China by enviro controls.
As nature abhors a vacuum the response has been quick with RES stepping up their Tb from recycled lamp phosphors, Lynas Texas JV, now news out of China:
Report: Minmetals begins construction of Jianghua rare earth mine
Industry News 03:36:03PM Source:SMM
SHANGHAI, Jun 11 (SMM) – China Minmetals Rare Earth began to construct its rare earth mine in Jianghua, Hunan province on Monday June 10, according to a news release on the website of Jianghua government on June 11.
Covering an area of 11.74 km2, the mine has 104,300 mt-equivalent of rare earth oxides, the world’s largest among individual mines.
Medium and heavy rare earth accounts for most of the deposit.
As the processing capacity already exists reasonable to presume this new supply will come on stream quite quickly. China has no shortage of RE resource as some would have you believe.
NTU Price at posting:
7.9¢ Sentiment: Sell Disclosure: Not Held
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