China domestic Dysprosium pricesToday Friday up another 2.25% after 7.75% yesterday. (100 & 300 RMB) Unfortunately I can not see the Terbium price. Now we wait for these latest domestic prices to show in the export prices as well.
https://www.asianmetal.com/news/getProductsNewsEn.am?productTwoID=6
"A consumer source in Jiangxi confirmed the rise in dysprosium oxide prices.
“Suppliers are offering
RMB4,500/kg for the rare earth oxide, and some of the material has been transacted at about
RMB4,200-4,300/kg in the past few days,” an executive at the southern company said.
“Many suppliers are unwilling to sell the oxide at present, as they are expecting prices to surge to
RMB5,000/kg in coming days,” an official at a Jiangsu-based consumer said, reporting that some suppliers even would not like to sell the material at
RMB4,500/kg."
"The move comes amid government attempts to crack down on illegal exports of rare earths.
A government website said that it would "resolutely crack down on illegal exports and smuggling of rare earths." The notice also warned against using false documentates and courier parcels to evade customs checks."
This from Metal Pages which I would say is the leading news supplier regarding REE even though it is much quicker to update the prices in the articles than in the "official price list of REEs"
By next NAV update I think we could see a very large jump as international prices have then been fully updated to reflect rising domestic prices now.
By the way... where did everyone go? :-) It is nice if this board is alive, Dacha is such an interesting company that it deserves it. As someone put it before, we are doing very well in a bad market but we are not keeping up with the growing NAV which makes this the best risk reward situation I have seen in a long time, as I see it..