NTU 0.00% 2.0¢ northern minerals limited

Gotta dig thru the gloss to get at the hard data. Of those...

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    Gotta dig thru the gloss to get at the hard data. Of those 777,000 EV's sold & subsidised last year 54% were effectively electric rickshaws, extremely low value vehicles purchased simply to get access to one of those license plates.

    Beijing initially reacted to that data by virtually wiping subsidies, then recanted by basing the subsidies on range from June. Look what happened:



    Initial reaction obviously slower growth for a few months before resuming but the really significant factor within that is the proportional growth BEV vs PHEV with a complete reversal of the growth rates.

    BEV by far still the bigger number but now growing under system while PHEV more than double:

    "From January to November, sales of new energy vehicles reached 1.03 million units, an increase of 68% over the same period of the previous year. Among them, the sales of pure electric vehicles completed 791,000, an increase of 55.7% over the same period of the previous year; the sales of plug-in hybrid vehicles completed 239,000, an increase of 127.6% over the same period of the previous year."

    Six months too short a data set but in a strong indication of policy two hybrids just added to Beijing's official vehicle fleet, a PHEV and significantly also a 48VMH. Safe to say at this point the change to range subsidy has sponsored strong growth in hybrid platform vs BEV, which will inevitably result +NdFeB, with lower levels Dy.

    Sponsors of such fables as the Great Dysprosium Deficit I & II (like most sequels II it's proving an even bigger flop than I) would like you to believe Dy deletion limited to frig mags and EV's will save their butts, well here a recent one from Shin Etsu earlier this year, unfortunately in Japanese but the direction of Dy deletion quite clear but importantly TEN new NdFeB grades up & down the strength range either Dy reduced or Dy free:

    http://www.shinetsu-rare-earth-magnet.jp/e/topics/pdf/detail_22_08.pdf

    Really nothing at all going right for the Dy fan club.
 
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