China Rare Earth Price Index (CREPI) China Rare Earth Price Index is jointly compiled and published by China Economic Information Service and Baotou Rare Earth Products Exchange. According to the compilation rules, the index uses October 31, 2016 as the base period and a base point of 1,000 points. It aims to reflect the overall product price trend and development status of the rare earth market and enhance the international influence of China's rare earth industry pricing.
Rare Earth Oxides and Metals prices; a selection compiled by ethore SA Status @ May 15, 2020
Summary •US have reactivated their production since two years reducing their dependency to Chinese REO •Chinese production quotas have been increased in 2019 •Myamar export ban will disrupt the raw material supply to China and will impact the heavy rare earth supply •Light Rare Earth come from Mountain Pass (USA) and North China....
Chinese Rare Earth elements production and mining quotas since 2016. The progression is constant with this year a significant increase for Southern Rare Earth Group which notably produces HREE.
Mkango Resources ; eRR analysis
Risks assessment show that about 50% of risks are closed or mitigated, however 16% are still open and require mitigation measures. Concerning ESG risks, about 40% of active risks remain to be mitigated and they mainly relate to Management and Risk Management.
SDG 03 form eRR proactive company assessment
SDG 02 form eRR proactive company assessment
Copper snapshot; end of year 2019
Mkango has received the support of the Malawi’s Government for the development of Songwe Hill and its confirmation of the quality of Mkango’s management. Short term metrics: Fully funded to complete the feasibility study, which is is expected to be released by mid 2020. Metallurgical pilot test work progress well in Australia where 60 tonnes bulk sample has arrived.
Today PGM basket price is recovering and 2019 perspective should maintain the basket price over its sustainable low limit of 13'000 ZAR/oz. The offer is coming mainly from South Africa (65%), where the mining industry is still facing severe socio-environmental constraints. According to WPIC annual 2019 market balance will narrow to a surplus of 345 koz. However the Rand weakness against the dollar accentuates PGM producer basket pricing providing some cost relief. Nevertheless, the wage agreements and safety measures have involved strategic reviews by major producers. Among reviews, the adoption of mechanized mining over the best suited reefs, labour reduction and long term profitable mines retention would transform the South African PGM industry.
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