How will LYC be affected when ARU comes into production? Such a small (I know, I know - it's increasing rapidly, etc.,) industry, with either producer 'potentially' able to fill the supply gap....
Will it be like PMA and AXO (where PMA will be priced out of the Vanadium industry because AXO can produce the metal as a by-product much cheaper)?
ARU have inferior grades when compared to LYC (3.1% vs 11.9%), but have by-products in 2.6mt Phosphate, and 8.7 m lbs U3O8. The operation at Nolans Bore does not rely solely on fluctuating RE prices....
Although each company has a different mix of REs, maybe this will keep each one viable???
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