RE:RE:Pip, Last time China did this...Rather than looking backwards a decade to stupid prices that will never happen again, as anyone with an IQ higher than Ucore SP understands perfectly, mkt far better educated, massive reserves built up in & out of China, pte & Govt, far better to look at current price action together with positive Chinese GDP & auto numbers.
NdO + NdPr both held solid gains from mid year, and now the mild retrace appears to be reversing up strongly again on Chinese demand numbers;
Click the 6 month timeframe:
https://www.metal.com/Rare-Earth-Oxides/201102250592
https://www.metal.com/Rare-Earth-Oxides/201102250162
Should that continue thru November to fresh highs on growing demand who is going to benefit quickly?
Great QR from Lynas, particularly how quickly they got costs down equal to best previous at 75% capacity, the Malaysian operations team now play the LAMP like a violin, these guys & gals are so battle hardened now they could run this incredibly complicated plant in their sleep.
Only ROW producer at any commercial scale for at least 5 yrs, as price/demand warrant they can dial up 25% in a matter of a week, with prices looking quite strong on90 day rolling average basis into current Q & next.
No brainer, guess that's what BlackRock have figured as well.