Lynas can add little value to either a metal or mag maker, it is looking to invest heavily in expanding ROW NdFeB production from supply side but that is a mammoth task requiring the alignment of disparate interests & expertise to match the dominant player.
Really should be happening top down but after a decade of neglect Lynas is pushing bottom up.
Lynas does not need a captive customer, it needs an expanded ROW customer base.
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