Target $4.61, page-6255

i know with LYC (rare earths) they have a wealth of valuable customers (japanese/european/asian etc) that are on fixed contracts and pay a premium for it just to guarantee stability of supply and quality of product ..

And the way the contracts are structured if the spot price greatly increases either way, the contracts are reevaluated regularly so as the supplier (lynas) is never really at a disadvantage with market shifts..

Bottom line is its in the best interest that the buyer has a good long term supply of specific feed taylored to their supply chain .. [and it takes several months to years to qualify product at different grades, all customers have different grade of product that they need to build their product with]

And its in the best interest for the customer (buyer) to ensure the supplier (lynas supplying rare earths) is profitable and successful ..

I can only assume the same happens for the coal industry and customers (buyers) wanting guaranteed quality product and stability of supply . Paying a premium even at these prices for all that may be acceptable!!