Take profits on REE, focus on Lithium
From an asset allocation standpoint, I feel that the REE rally may have run its course for the time being. Nd/Pr prices in Shanghai seem to have peaked for now and it wouldn’t be unreasonable to see equities give back some of what they’ve gained in an impressive run. While I remain positive on REE in the medium and longer-term, I feel that there are segments where there is more obvious value at the moment. First among those is lithium, and hard rock in particular. The recent significant acceleration in SC6 prices in China hasn’t been picked up by the...