47% cerium; 47% wasted capex for no profit, page-23

vwboy, no Wheat Board in REO up until now, just a diverse bunch of traders acting as middle men out of China with organisations like Metal Pages trying to keep score.

Lynas has long been aware of the difficulties for end users and set up Rare Earths Direct (RED) years ago as their marketing arm which the aim of establishing a secure, reliable and responsive supply chain to larger OEM's. Every other ROW RE wannabe, including Moly, is way behind the 8 ball. Hopefully these LT relationships Lynas as set up will see them thru a difficult transitionary period.

China have responded to the oversupply situation by following your advice and establishing an official trading platform, stockpiling and closing/consolidating production. With the additional costs involved, including enviro controls, they need to put a floor under prices. When that's established ROW prices will fall in line with that level plus 20/25% for VAT/tariff.

I believe Lynas is quite relaxed about lower prices as they will stimulate REO growth. Another favourable issue is the clear evidence of the trend to China reversing and companies moving back to the US in particular and the Japanese Govt blocking 7 companies from moving to China recently.

ROW RE growth should take off again with lower prices, particularly coupled with the low cost energy revolution developing in the US. Doubt the market will trade on that though until all the bad blood is flushed out.