Yep, missed the significance of the June guidance that's for sure, but clearly they've chosen to disengage from the Chinese mkt entirely bar a few sell thru contracts to EU OEM's. Conscious decision not to throw more fuel on the fire with Chinese producers fighting over a very soft mkt.
Truly remarkable when you consider FY16 was 47% of revenue, and speaks volumes confidence immediate demand growth Japan specifically, but effectively for the moment Lynas has outgrown its mkt.
What is pleasing is how they have managed that, and clearly they are in great shape to continue developing expansion plans.
For now the CAGR of NdFeB to in-car auto appears neutered by auto sales rolling off the peak, accentuated by TW, wonder what might get that back in positive territory?
LYC Price at posting:
$2.55 Sentiment: Buy Disclosure: Held
