Agree on history stuff. But so does everyone. Yawn. Moving on....
Focus on China domestic demand recovery? Missing link? You get the Darwin Award for that bit of malarkey.
There is plenty of ROW demand growth for NdFeB-based turbines and motors. No argument on that. Certainly I've documented that here despite the silly pushback.
The situation in China is almost identical to US, probably EU as well, with their cratering diesel sales. Common theme is EVs ramping despite fading total auto sales.
EV sales and market share are up strongly in domestic China each year; there's been no fade.
You've been banging on and on about electric rickshaws (a great market for NdFeB-based PMMs, btw), but Chinese manufacturers are quickly catching up in all vehicle classes. From what I've read, Chinese EVs will be sold in America (not just Byd buses) starting in 2019-2020.
Just one of many articles discussing strong Chinese demand for EVs, many produced domestically:
https://www.bloomberg.com/news/arti...-sales-jump-63-percent-as-china-demand-surges
Global Electric Car Sales Jump 63 Percent
By
Anna Hirtenstein
November 21, 2017, 12:00 AM EST
- China made more than half of EV purchases in the third quarter
- Bloomberg New Energy Finance expects 1 million sold this year
Electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China.
"...witness soft prices"? I'm not really seeing that. Prices are stable, with long term positive trend intact. China controls BOTH NdFeB and NdPr pricing. They're picking Lynas clean at a price everyone seems to like.
Any idea when Lynas plans to release resource update?
