There's a ridiculous claim that "Simple truth is non China resources cannot supply even 15% of the demand from countries out side of China". Given that the same source claims " Lynas at about 8% of WW volume" the conclusion seems to be that over 50% of the world's magnet making is outside China. (Not end products, the magnets.) I truly wish that was the case!! This will probably be a lot closer to correct when ROW RE production (in particular Lynas) ramps up, other sources such as Iluka come online and the massive US tax incentives for domestic magnet making kick in. FWIW (and I'm happy to see alternative data sources) I believe Lynas currently supplies about 50% of the NdPr for ex-China made magnets. That's mostly Japanese.
LYC Price at posting:
$6.67 Sentiment: Hold Disclosure: Held
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