Magnet rare earths are up as much as 20 percent from last year
Resource Investing News, Jon Hykawy, president and director of Stormcrow Capital, noted that prices for materials used in rare earth magnets have actually risen, shedding a little more positivity on the sector.
Prices for some magnet rare earths are up as much as 20 percent from last year, according to Hykawy, who noted that dysprosium and terbium in particular have gained fairly strongly. Analyst believes some manufacturers could have a vested interest in finding a source of non-Chinese supply.Certainly, that sounds like good news for rare earths companies outside of the country. Australian investors should be aware that ASX listed GGG, HAS, ALK have some of the world's best magnet H-REEs resources. To read about Australian rare Earths visit www.AustralianRareEarths.com |
The table below provides details of the spot prices of rare earths in China in November 13, 2014 and in February 12, 2015 (tax included), which source from ACREI's Official website. - See more at: http://investorintel.com/rare-earth-....dmp2jy5H.dpuf
http://investorintel.com/wp-content/...-2-16-REES.png |
Marked rise in the Terbium and Dysprosium from 5/1/2015 to 26/1/2015
<img src=http://www.australianrareearths.com/assets/images/REE-prices-rising-2015.png width="730px">
ASX: GGG to benefit http://www.ggg.gl/docs/ASX-announcem...m_medium=email |
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