Jantimot, now I'm concerned that your arguing (and insulting) for the sake of arguing, you can banter all you like with Jason re Chinese CPI but the point of the exercise is Chinese RE producer's ability to compete with Lynas in ROW market.
Clearly VAT, tariffs & quota cost are priced into Chinese FOB prices which is the level at which Lynas competes. If you prefer to call it "cost of doing business ROW" or some other tag, fine, but while these remain in place they are extremely relevant to Lynas's competitive position.
The big issue that should be debated is can China control the level of illegal mining that is circumventing these costs and distorting the market? What is the level of illegal mining finding it's way into ROW markets? Gareth Hatch estimated no more than 4K whereas some, rather silly, Chinese estimates run to 40K?
LYC Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
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