PrNd really tanking in China particularly last week or so. China figures released yesterday supportive of such falls as is the lack of demand and therefore lower pricing we have been seeing and other supply ex China such as Lynas and others.
Is the possibility of export bans a factor also? Is there real concerns of such from internal Chinese suppliers and end users. Just saying if export bans arrived the Chinese domestic consumption would see very large over supply translating to much lower reo prices and of course followed by producer cut backs and closures. Interesting as EV profits had doubled in one bright spot of their economy and the EV subsidy extension would see that continue providing people there have money to purchase - which appears the case as EV sales continue to rise. As would Chinese massive wind generation projects. Interesting times in this reo space with the west fast tracking new supply chains ex China - they really do not have a great deal of time to play their card - hop to it.
LYC Price at posting:
$7.03 Sentiment: Buy Disclosure: Held
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