Nd down 3% in two days.

I could have put this in my prices post.This is major and deserves it's own post.

ND dropped 5 RMB/ KG today after dropping 4 RMB yesterday. About 3% in two days. 6% in less than 90 days.I record pricesonce a week.I cannot find a drop that steep in NdPr in a week in two years.I cannot find a weekly drop that steep in 9 months in Nd or Pr in last 9 months which is how long I have been recording them.

Some will say that Japan is very loyal to Lynas and I absolutely agree. From the time Nd, Pr, or NdPr leaves Lynas till it gets installed in a car as a power window or seat motor. Or in a vacuum cleaner, hand tool or other appliance it goes through many steps in many countries. All it takes is one point in this chain to change to a China source to impact Lynas.It is a WW economy and nothing happens without an impact on everybody even those that at first glance appear not to be involved.