REM, which already holds a 19.8% stake, has suggested a share-based reverse takeover that values each Bacanora share at 88.5p- The price of lanthanum oxide fell 5.1 percent to CNY 68,500 ($10,780) per metric ton. It currently stands as our worst performing metal price index. REM, which already holds a 19.8% stake, has suggested a share-based reverse takeover that values each Bacanora share at 88.5p, but the board of the Canada-listed company says this substantially undervalues its assets and potential Many expect a detailed project plan towards the creation and management of the national reserve to be implemented in next two months. Bacanora said it still considers the switch would be in the best interests of the company. Monitor; Quote; Charts; Trades; News; Financials; Toplists; Alerts; Portfolio; Level 2; Free BB; PBB; Funds; Follow Feed; PLUS1 Crypto; Sitemap; Newsletters; Brokers; Forex; Global … rwauu: All they do is buy into junior miners who need capital to explore and the target company benefits from REM's interest in terms of generating cash and a higher profile which results in a higher share price for the target and a lower one for REM. So did any prices move? Neodymium prices dropped by 11.4 percent this month to CNY 495,000 ($78,749) per metric ton. Moreover, the supply of LRE is forecast to be in surplus by Q4 2012 due to capacity additions outside China, whereas there is hardly any supply coming up outside China for HREs. 19 Nov Chinese rare earth concentrate prices by region [11-19] 18 Nov Chinese dysprosium terbium prices by region [11-18] 18 Nov Chinese europium yttrium prices by region [11-18] 18 Nov Chinese sintered NdFeB magnets H range prices [11-18] Company News. “We continue to see weakness only in lanthanum oxide and cerium oxide.”. The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. Finishing the month around CNY 425,000 ($66,884) per metric ton, neodymium oxide ticked up 0.4 increase. Prices of heavy rare earths (HRE) are expected to increase significantly (approximately 100 percent from current level), while light rare earths (LRE) are expected to just increase marginally (about 35 percent from current level). As the dispute between Japan and China over the islands – the Senkaku in Japan, the Diaoyu in China and the Tiaoyutai in Taiwan – in the East China Sea continues, more implications for the rare earths market and prices continue to surface. The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends over a 30-day period. When are we going to see some jam? The REE trading platform, along with new tax permits and other recently implemented policies, will help the government supervise the entire mining process, from production to sale. I luckily sold REM a couple of years back and switched into BCN,wishing to concentrate on the Sonara 'prospect'.The move wasn't so clever when it came to buying BCN but it was a very fortunate time to sell REM at approaching 2p.Now,I'm tempted to switch back into REM(keeping an exposure to BCN )while adding an associate interest in EMH with its Cinovec project.The current market value of REMs equity interest in BCN and EMH is near £30.REMs current market cap is slightly shy of £40.Thus,by implication,30% of Yangibana,four exploration licences in Greenland and a 15.5% interest in Macarthur Minerals are valued by the market at just £10m.Now that strikes me as pretty mean given the excitement surrounding lithium.Arguably,REM shares should be standing at a healthy premium to asset value.They did once.What's changed? 13/11/2020 23:23:16 Cookie Policy +44 (0) 203 8794 460 Free Membership Login. “Most of the rare earth metals within the complex increased in price,” she continued. Free forex prices, toplists, indices and lots more. NYSEArca - NYSEArca Delayed Price. Neodymium oxide saw a 4.3 percent decline this week, making it the week’s biggest mover on the Rare Earths MMI®. At a price of CNY 400.00 ($63.64) per kilogram, yttrium rose 1.2 percent. LENIGAS STOCKS ARE ALL CRASHING...HAVE WE ALL BEEN CONNED? ("Rare Earth Minerals" or "REM") The past week saw dysprosium oxide close after a 5.2 percent decline. Rare earths are not as rare as you might think, but the market and rare earth elements prices are certainly complicated. The balance of the rare earths complex tracked by the MetalMiner IndX℠ saw similar, marginal increases in price. “Last week, Lynas confirmed it has since had to renegotiate the terms of the loan due to constant delays to its Malaysian processing plant.”. Finishing the month at CNY 362,500 ($57,048) per metric ton, praseodymium neodymium oxide recorded a 2.5 percent increase. Earlier this week, Bacanora’s plan to switch domicile to the UK was voted down by shareholders, with REM’s decision to vote against the move a key reason it failed. I´ve noticed very little was mentioned about the rejected bid for Bacanora on 30th September..if anyone is interested here is a little more about it..... James Leahy, chairman, said: “The Proposed Offer is opportunistic and materially undervalues Sonora. More : PA Code PA0014463; … http://web.tmxmoney. At that time, Cerium oxide had an average domestic price of 14,000 renminbi per metric ton. Europium oxide prices dropped by 3.6 percent this month to CNY 6,150 ($978.39) per kilogram. The bank does add a caveat, however; that more supply from Molycorp and Lynas Corporation in the second half of this year could put more downward pressure on prices. One trend that continues to trouble us involves the poor price performance of the rare earth metals sector. Currency in USD. Bacanora Minerals (CVE:BCN) has rejected a merger proposal from its fellow lithium explorer and shareholder Rare Earths Minerals (LON:REM). RELATED: More rare earths price analysis. As Rare Earths Price Index Holds This Week, Focus On China-Japan Island Dispute, Monthly Rare Earths MMI® Falls 3.8% to 50, Monthly Rare Earths MMI® Holds Steady at 52 in September, Rare Earths MMI®: 1.3% Decline For Dysprosium Oxide Price, New Trading Platform To Affect 2012 Rare Earth Price Forecast, Rare Earths MMI®: Neodymium Oxide Falls Over Week, Rare Earths MMI®: Several China Prices Drop Over Week. Below are 6 month price charts for the principal metals identified at the site of Redmetlitas with original prices for Europe and China. Rare earth metal prices have been falling steadily for the last couple of years, in spite of China reducing export volumes. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com. The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends over a 30-day period. Download the free Monthly MMI® Report – covering the Rare Earths market. | Media Kit | Cookie Consent Settings | privacy policy | terms of service, Javascript must be enabled in your browser, Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner, Annual Metals Price Forecasting Outlook Report 2021, Price Trends For Rare Earths Tell the Whole Molycorp Story. The price of terbium oxide closed the month at CNY 5,150 ($819.31) per kilogram after dropping 6.2 percent. Sonora, in Mexico, is Bacanora's main asset and considered a potentially world-class lithium deposit. Usually a reduction of supply results in a rise in prices, but the falls are indicative of the size of the REE bubble that had formed around the turn of the decade. The rest of the rare earth metals complex tracked by the MetalMiner IndX, including neodymium, terbium metal, yttrium and lanthanum oxide held steady over the week, perhaps hinting that the freefall in rare earth prices has come to a temporary halt. VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) Add to watchlist. Presently, the dispute hasn’t seemed to have touched the rare earth prices tracked by the MetalMiner IndX℠. These charts are provided by Metal Pages Ltd. Prices are updated on Tuesdays and Thursdays and are indicative, and based on warehouse Rotterdam or Klaipėda duty unpaid (CIF), unless otherwise stated. Rare Earth Price Outlook: Lynas Corp, Molycorp Swaying Market? The price of cerium oxide did not change since the previous week. RNS Number : 1581S If the holdings are held, how do they generate any income for REM, except when they are sold. Rare Earth Minerals (REM) share price, charts, trades & the UK's most popular discussion forums. In essence,REM is an investment company.It is valued on the market rather like an investment trust in relation to its calculated net asset value.Whilst REM might not derive any income from its interests in BCN or EMH presently,the prospect of doing so is very real.Moreover,REM could realise a capital gain on its holdings if those companies were sold even before they reached revenue generating production.REM is similar to an Anglo Pacific (APF)which takes stakes in mining companies.Anglo Pacific takes stakes in companies and in return negotiates a franchise with those companies which provide an income flow which is distributed to shareholders.I presume you are saying that REM have no such franchise arrangements but it could in future and that will get factored into the share price as must the potential for capital gain on its equity holdings.
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