lynas pr survey 2... now trackable, page-111

Hi cafa,
IMO, LYC will likely have a snag benchmarking contract prices because if they
replace Chinese suppliers, China will have little exports and therefore no skin in the game to maintain a higher export price.

If the Chinese want to cruel Japanese manufacturing users,
they would want to see them with high imput costs which includes REEs.
This , however, would strengthen LYC while weaken Japanese manufacturer users.


Conversely, if the Chinese decide on lowering REE export prices, it will weaken
LYC and strengthen Japanese manufacturing competitors

IMO, China will act in self interest which is to give Chinese manufacturing users
as much competitive advantage as possible over their Japanese competitors which would mean that higher REE export prices would be preferable.

Given that China cant buy LYC, there would seem be little point in them holding down price in the short term.

Cheers
Moorookamick