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8.51%

21.5¢ peak rare earths limited

Shenghe is in contract negotiations with VHM for supply of REMC...

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jogo

3,663 Posts.

1078

15/08/23

19:45

Post #: 69355036
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Originally posted by cwamit: ↑

where is shenghe going to be getting its supply if peak cant process and mine the ore at todays prices in 2 to 3 years time... MP Wont be selling to them once down stream processing starts in america ...

so there will be a vacuum of supply to fill.

its not like a new mine will appear overnight, its at least two to three years for others explorers to come online - excluding the fact they need finance backing like we most probably have at this stage - and offtakes.

So from today's market perspective there's going to be an issue very soon about availability to china rare earth processing if it stays stuck at today's prices.

There is a risk off at the moment from oversea investors, what's not helping is forecast of Australian dollar going down lower to 50 cents over next few years, it has already breached a major support level .65 cents - so any oversea investors are probably unloading asx shares due to share depreciation from currency devaluation risks.

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Shenghe is in contract negotiations with VHM for supply of REMC and HMC, which is scheduled to come on-stream in 2025.

PEK Price at posting: 46.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 21.5¢		Change -0.020(8.51%)		Mkt cap ! $61.16M

Open	High	Low	Value	Volume
23.0¢	23.0¢	21.0¢	$47.91K	217.0K

Buyers (Bids)

No.	Vol.	Price($)
1	16347	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	16347	0.215
3	55602	0.210
3	78441	0.205
4	145668	0.200
2	166588	0.195

Price($)	Vol.	No.
0.225	10000	1
0.230	54381	2
0.235	179596	2
0.240	4167	1
0.250	20000	1

Last trade - 12.32pm 12/06/2024 (20 minute delay)


Last 21.5¢			Change -0.020 ( 2.27 %)
Open	High		Low	Volume
22.0¢	22.0¢		21.5¢	36393
Last updated 12.32pm 12/06/2024 ?

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