Member Info for Tornadotony

We await to see if it can bottom out here or not in the coming days.

As an aside I heard of a robot manufacturing company is to be funded in the UK. They will need plenty of rare earth materials.

Bounced off rising support line at 29.6p.

Ionic clays have around say 400ppm of rare earths that is 0.04% of rare earth content. It is 1/7th of rainbow output per tonne and around 1/14th of a Pensana production process per tonne. NdPr content may actually be lower.

Fartcoin is up 40% since 9th April and has matched Pensana performance in that time frame and I doubt Theo it has a lot to do with fundamentals. In the meantime we await to see if Pensana puts in a higher low around the 28p mark and then starts another rally. I am keeping an eye on technical charts and seeing if other people are using them as entry and exit points. If they do so we may start to see increase trading volumes on numbers of trades.

Neutral on daily and weekly. Currently sitting on a FIB 38% retracement line.

Yes my figures were tracking Chinese SMM and we were going up nicely as those prices rose. Prices on scrap markets only go back to 21 April (when things began to stop rallying). We shall see what happens, but useful to share sources of info. I will check out the other sites later tonight.

On bloomberg, that significant numbers of USA SMEs getting wiped out by the tariffs and through their trade association are taking the Executive to Court. If it proceeds to supreme court all actions on trade tariffs may be lifted. Partly down to how Trump has managed things for the interest of very large companies only.

Rare earth prices were rising with gold in April but now falling back unfortunately with gold and other commodities.

Mumbles

The action today has cleared all RSI overbought signals and the only stochastic overbought remaining is on the weekly with shorter time frames now well below 100%. Hourly is now on extreme oversold. The cover of technical data to hide any manipulations is now removed.

If it does retreat, I have my largest double up buying to do.

Japan left the trade talks agreeing to meet again in one month's time. What was agreed was that Japan will invest more heavily in its national defence forces. On the one hand a negative for rare earths, but the defence build up commentary is a positive.

Tony

SP

So if USA and Japan do not have a trade deal where does Lynas NdPr supply go as a bulk of what Japan used it for was going to USA.

Tony

Not really a tree shake. The RSI data and slow stochastics were well overbought. Stocks do not go up all the time. A few traders take a scalp profit and rebuy their position on a pullback of a penny or two lower down. The resulting consolidation reduces the overbought from less extreme levels and technical buyers then reappear. The technical chart reads with higher lows and eventually higher highs. We do have a challenging resistance line to break at 40p. If we get near that on neutral technical readings it has the energy from buyers to breakthrough the resistance line. A few quiet sessions with little price movement could build that kind of support.

Japan produces NdPr magnets and needs rare earths.

A trade deal between Japan and USA is a big positive for RBW. RBW going down is a hedge bet of a no deal asymmetric result on those talks.

USA depends on Sumitomo in Japan for magnets in the downstream supply chain. It would be beyond the realms of stupidity if a trade deal is not done between USA and Japan.

Lot of fear in the market that Trump and his team will play hard ball with a very close ally and no deal will happen, hence gold rockets this morning. However, if they do make a deal today a huge asymmetric trade will break out (gold goes back down and many stocks go up). The general view is that if USA can not do a deal with Japan they will be unable to deliver a deal with any other trading partner (Bloomberg news this morning).

If a USA trade deal is not completed by tomorrow with any country in the world, the bond markets may well be under selling pressure. The easiest country to have a deal with is UK. All down to Trump.

Https://www.mining.com/fortuna-mining-exits-burkina-faso-for-130m/

Steve

Be on top of these kind of articles https://sahellibertynews.com/?s=burkina+faso+reforming+land+management

and m.miingweekly.com/article/fortuna-exits-burkina-faso Tony

Https://aviation.stackexchange.com/questions/84362/could-an-f-35-really-be-3-rare-earth#:~:text=A%20Congressional%20Research%20Service%20report%20said%20that%20each,systems%20these%20days%2C%20but%20usually%20in%20small%20quantities.

Where the money is now going at this time with any dips being heavily bought.