Is the REE in China actually cheap? One thing I agree on with ausheds (amongst many) is that China's REE prices aren't properly accounting for costs and will INCREASINGLY do so.
If the EV revolution ramps up as China et al are hoping, there will shortly be a shortage of Nd-Pr et al, if there isn't already. I don't want the revolution to burn itself out for lack of NdPr supply.
I reckon Lynas will continue to be sold out regardless. China will pick Lynas clean at prices it controls. Japan will undoubtedly increase its consumption as well; Amanda seemed to suggest that was already happening.
The price of NdPr provides an internal control on EV adoption. Sort of an inverse of the gas price effect.
One of the major takeaways of the reports and conference call was superlative demand. And the EV revolution is just getting started. And this is happening jus as the wind turbine market is getting its second wind!
GLTA
p.s. we probably don't need it.
Add to My Watchlist
What is My Watchlist?
