All about iron ore and rare earths last week

  First Graphene (ASX: FGR) Is on the Cusp of Innovation That's Second to None

All about iron ore and rare earths last week

The Metals and Mining Index surged on Thursday with the news that Vale had cut its 2020 production guidance from 310-330 tonnes to 300-305 tonnes for 2020. This caused the iron ore price to jump to US$136.75 pt, the highest level for six years. Share prices of the big three producers, BHP, Fortescue and RIO, all surged to new highs.

The rare earth thematic has been coming and going through 2020, owing to the dependence on China for finished product. Last week saw strong rises in many of the rare earth hopefuls, while Lynas Corporation, the only serious producer, kept rising higher. The next cab off the rank, Northern Minerals (NTU), is also demonstrating a healthy uptrend. After 11 years of hard work NTU is operating a pilot plant that is delivering product to customers 

First Graphene (ASX: FGR) Is on the Cusp of Innovation That's Second to None